CANADA STOCKS-TSX rises with miners, financials to new 17-month high

Tue Nov 22, 2016 5:15pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager quotes and updates prices)

* TSX closes up 60.51 points, or 0.4 percent, at 15,100.38

* Index posts its highest since June 2015

* Seven of the TSX's 10 main groups end higher

By Fergal Smith

TORONTO, Nov 22 (Reuters) - Canada's benchmark stock index rose to a fresh 17-month high on Tuesday as base metal mining and financial shares rose, offsetting some profit-taking in energy shares ahead of a meeting next week of major oil producers.

The Toronto Stock Exchange's S&P/TSX composite index closed up 60.51 points, or 0.4 percent, at 15,100.38, its highest since June 2015.

"Some of the base metal names are up quite a bit not only today but since the election and that's just driven by some of (U.S. President-elect) Donald Trump's potential new policies, particularly his expected infrastructure investment" said Cavan Yie, senior equity analyst, at Manulife Asset Management.

Teck Resources Ltd jumped 7.3 percent to C$34.33, and First Quantum Minerals Ltd advanced 6.3 percent to C$15.73.   Continued...