CANADA STOCKS-TSX rises at start of 2017, touches 20-month high

Tue Jan 3, 2017 4:45pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager quotes, details, Sun Life Financial; updates prices)

* TSX closes up 115.44 points, or 0.76 percent, at 15,403.03

* Index touches its highest intraday since April 2015

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

By Fergal Smith

TORONTO, Jan 3 (Reuters) - Canada's main stock index rose on Tuesday, touching its highest intraday level in more than 20 months, as financial, gold and energy shares gained on the first trading day of 2017.

The Toronto Stock Exchange's S&P/TSX composite index closed up 115.44 points, or 0.76 percent, at 15,403.03. It earlier touched 15,450.27, its highest since April 27, 2015.

The index rallied 17.5 percent in 2016 after slumping 11.1 percent in the prior year, helped by a partial recovery in the price of oil.

"It all revolves around oil... I think that is going to be the question mark for 2017, if oil prices continue to move up," said Ian Nakamoto, equity specialist at MacDougall, MacDougall & MacTier, a division of Raymond James.   Continued...