CANADA STOCKS-Banks, energy stocks help TSX extend 19-month high

Thu Dec 8, 2016 10:13am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds details on specific stocks, updates prices)

* TSX up 29.29 points, or 0.19 percent, at 15,267.04

* Seven of the TSX's 10 main groups lower

TORONTO, Dec 8 (Reuters) - Canada's main stock index added to a 19-month high on Thursday, helped by gains for heavyweight energy and financial stocks as commodity prices rose and data showed a surge in building permits.

At 9:45 a.m. EST (1445 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 29.29 points, or 0.19 percent, at 15,267.04.

Only the three biggest groups out of 10 were in positive territory the day after gains in industrial, technology and financial stocks pushed the index to its highest since May 5, 2015.

The most influential movers included Bank of Montreal , which added to sharp gains since reporting strong earnings earlier in the week. It rose 1.4 percent to C$94.43.

Encana Corp was another positive influence, advancing 2.9 percent to C$16.91.

Crescent Point Energy advanced 1 percent to C$17.79 after saying it would increase its capital budget by 31 percent and boost production by 10 percent in 2017.   Continued...