CANADA STOCKS-Energy surge on OPEC deal boosts TSX; index up 2 pct in month

Wed Nov 30, 2016 4:44pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager comment, updates prices to close)

* TSX ends up 83.04 points, or 0.55 percent, at 15,082.85

* Index touches 15,141.02 intraday peak, highest since June 2015

* Energy group jumps 7.9 pct; eight of TSX's 10 main groups fall

* Index gained 2 pct in November

By Alastair Sharp

TORONTO, Nov 30 (Reuters) - A surge in shares of Canadian energy companies pushed the country's main stock index to a near 18-month intraday high on Wednesday 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 7.9 percent as crude prices soared.

The index ended up 83.04 points, or 0.55 percent, at 15,082.85, for a 2 percent gain in November. It hit 15,141.02 in morning trade, its highest level since June 3, 2015.   Continued...