CANADA STOCKS-TSX gains as energy stocks rise with oil

Mon Dec 5, 2016 10:38am EST
 
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(Adds details on specifics stocks, sectors; updates prices)

* TSX up 38.17 points, or 0.25 percent, to 15,090.69

* Six of the TSX's 10 main groups move higher

TORONTO, Dec 5 (Reuters) - Canada's main stock index rose on Monday as shares in energy companies were boosted by further gains oil prices after last week's OPEC agreement to limit production.

The energy group climbed 0.9 percent. Brent crude topped $55 a barrel for the first time in 16 months as traders positioned for tighter supply.

Large banks also helped boost the index, which hit a near 18-month high last week, while gold miners muted the overall gains as investors shrugged off concern about political instability in Italy.

Barrick Gold Corp fell 3.3 percent to C$20.12 and Kinross Gold Corp lost 6.3 percent to C$4.32, while Royal Bank of Canada rose 0.5 percent to C$88.17 and Toronto-Dominion Bank added 0.6 percent to C$63.67.

At 10:16 a.m. EDT (1516 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 38.17 points, or 0.25 percent, to 15,090.69.

Six of the index's 10 main groups were in positive territory, with advancers outnumbering decliners by a 1.4-to-1 ratio.   Continued...