CANADA STOCKS-TSX rises as CP Rail and Cameco gain

Thu Jan 19, 2017 10:54am EST
 
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(Adds details on specific stocks, updates prices)

* TSX up 46.77 points, or 0.3 percent, to 15,444.62

* Seven of the TSX's 10 main groups were higher

TORONTO, Jan 19 (Reuters) - Canada's main stock index moved higher in morning trade on Thursday, helped by a jump in Canadian Pacific Railway shares and a rebound in uranium producer Cameco Corp.

At 10:38 a.m. ET (1538 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 46.77 points, or 0.3 percent, to 15,444.62.

Canadian Pacific Railway, which rose 4.6 percent to C$201.40 a day after saying its chief executive would leave five months earlier than originally expected and reported a lower-than-expected adjusted quarterly profit.

The industrials group rose 1 percent overall.

Uranium producer Cameco Corp bounced 7.9 percent higher to C$15.53 after a nearly 17-percent fall on Wednesday after a profit warning.

Oil rallied from a one-week low as the International Energy Agency said oil markets were tightening even before cuts agreed by OPEC and other producers took effect.   Continued...