CANADA STOCKS-Energy surge on OPEC deal pushes TSX to highest since June 2015

Wed Nov 30, 2016 10:34am EST
 
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(Adds details on specific stocks and sectors, updates prices)

* TSX up 116.36 points, or 0.78 percent, at 15,116.17

* Index touches 15,141.02, highest since June 2015

* Energy group jumps 7 pct; seven of TSX's 10 main groups fall

TORONTO, Nov 30 (Reuters) - Canada's main stock index hit a near 18-month high on Wednesday as energy stocks surged along with oil prices as major crude producers reached a deal to curb production.

The energy group, which accounts for one-fifth of the Toronto Stock Exchange's S&P/TSX composite index, jumped 7 percent as crude prices soared.

OPEC has agreed its first limit on oil output since 2008, an OPEC source told Reuters, with Saudi Arabia prepared to accept "a big hit" on production and agree to arch-rival Iran freezing output at pre-sanctions levels.

At 10:09 a.m. EDT (1509 GMT), the Toronto index was up 116.36 points, or 0.78 percent, at 15,116.17. It earlier hit 15,141.02, its highest level since June 3, 2015.

Fourteen stocks were posting new 52-week highs.   Continued...