CANADA STOCKS-TSX posts two-week high as commodity prices rise

Fri Jan 20, 2017 5:15pm EST
 
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(Adds portfolio manager quotes and details throughout and updates prices)

* TSX closes up 138.07 points, or 0.9 percent, at 15,547.88

* Index posts its highest close since Jan. 5

* Eight of the TSX's 10 main groups rose

* Index rises 0.3 percent for the week

By Fergal Smith

TORONTO, Jan 20 (Reuters) - Canada's benchmark stock index rose to a two-week high on Friday, led by financial and resource stocks as commodity prices rose, with investors brushing off a more uncertain outlook for NAFTA after the inauguration of Donald Trump as U.S. president.

A White House statement issued soon after the inauguration said Trump was committed to renegotiating the North American Free Trade Agreement, under which Canada sends more than 75 percent of its exports to the United States.

Unless there is a "real lockdown" on trade, acceleration in global growth can help stocks grind higher, said Greg Eckel, senior vice president at Morgan Meighen & Associates.   Continued...