CANADA STOCKS-TSX ends barely higher, industrial stocks led gains

Wed Dec 21, 2016 4:41pm EST
 
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(Adds portfolio manager comment, Brookfield deal, Trudeau comments, updates prices to close)

* TSX ends up 12.93 points, or 0.08 percent, at 15,305.89

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

By Alastair Sharp

TORONTO, Dec 21 (Reuters) - Canada's main stock index edged higher on Wednesday for the fifth consecutive session, helped by industrial stocks such as construction company SNC-Lavalin , which jumped after winning an oil sands service contract.

SNC-Lavalin rose 2.5 percent to C$58.55. It said a subsidiary was part of a joint venture that won a five-year deal to supply engineering and procurement services to an unidentified "prominent integrated oil company" in Alberta's Athabasca region.

The industrial sector gained 0.6 percent overall, with Waste Connections Inc up 2.1 percent at C$105.89 and Canadian National Railway Co adding 0.5 percent to C$91.16.

"On the industrial theme, recent economic data in U.S. has supported that idea that the economy is picking up some steam," said Manash Goswami, portfolio manager at First Asset Investment Management Inc.

"We've become a bit more constructive of late and have added a little more cyclical exposure than we've had in the past," he said.   Continued...