CANADA STOCKS-TSX hits fresh 19-month high as energy climbs

Tue Dec 13, 2016 5:09pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager quotes, details on cannabis company, background, updates prices)

* TSX ends up 97.57 points, or 0.64 percent, at 15,385.27

* Index posts highest close since April 24, 2015

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

By Fergal Smith

TORONTO, Dec 13 (Reuters) - Canada's main stock index rose to a fresh 19-month high on Tuesday, led by gains in heavyweight energy and banking stocks, while materials stocks weighed.

The Toronto Stock Exchange's S&P/TSX composite index ended up 97.57 points, or 0.64 percent, at 15,385.27, its highest close since April 24, 2015.

"It's just follow-through from the momentum over the last few weeks," said Patrick Blais, senior portfolio manager at Manulife Asset Management.

The index has rallied 5 percent since the U.S. election in November, helped by the prospect of U.S. economic stimulus.   Continued...