CANADA STOCKS-TSX rises as Keystone owner leads energy gains

Tue Jan 24, 2017 10:59am EST
 
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(Adds details on specific stocks, sectors; updates prices)

* TSX up 36.41 points, or 0.24 percent, at 15,516.54

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

* Three rising stocks for every decliner

TORONTO, Jan 24 (Reuters) - Canada's main stock index rose on Tuesday as energy stocks broadly gained with higher oil prices and as TransCanada Corp got a boost from signs its Keystone XL pipeline could yet move forward.

TransCanada jumped 1.8 percent to C$63.66, closing in on an all-time high hit in 2014. U.S. President Donald Trump plans to sign executive actions on Tuesday to advance construction of Keystone and the Dakota Access pipelines, an administration official told Reuters.

If the pipeline is approved, it could provide a conduit for additional crude production in Canada's oil sands.

The energy group climbed 1.1 percent, as higher oil prices also helped boost sentiment.

Suncor Energy Inc, Canada's largest oil and gas producer, rose 1.0 percent to C$41.88. Seven Generations Energy Ltd advanced 5.1 percent to C$26.67 after providing a strategic update.   Continued...