CANADA STOCKS-TSX nears all-time high as energy, financials stocks gain

Wed Jan 25, 2017 10:41am EST
 
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(Adds details on specific stocks, updates prices)

* TSX up 53.68 points, or 0.34 percent, to 15,664.37

* Index nears 15,685.13, its all-time high hit in Sept 2014

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

TORONTO, Jan 25 (Reuters) - Canada's main stock index approached an all-time high on Wednesday, led by gains for heavyweight financial and energy stocks as global stocks climbed, while lower gold prices weighed on gold mining shares.

The move towards a record came as the Dow Jones Industrial Average traded above 20,000 for the first time, as U.S. President Donald Trump's signing of numerous executive orders since his inauguration on Friday boosted pro-growth sentiment.

Gold miners held the Canadian index back, as investors shunned bullion, typically seen as a safe haven.

At 10:12 a.m. ET (1512 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 53.68 points, or 0.34 percent, to 15,664.37, within striking distance of its September 2014 record peak of 15,685.13.

The most influential gainers on the index included some of its biggest banks and insurers, with Royal Bank of Canada up 0.8 percent to C$94.16 and Manulife Financial Corp advancing 1.4 percent to C$25.35.   Continued...