CANADA STOCKS-TSX posts fresh record high as financials climb

Mon Feb 13, 2017 11:14am EST
 
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* TSX up 19.02 points, or 0.12 percent, at 15,748.14

* Index touches a new intraday record high of 15,769.66

* Five of the TSX's 10 main groups rise

TORONTO, Feb 13 (Reuters) - Canada's main stock index rose on Monday to a fresh all-time peak as heavyweight financial shares climbed, while lower oil and gold prices weighed on the energy and materials groups.

Wall Street's three main indexes also reached record intraday highs as investors focused again on the U.S. reflation trade after a brief lull. U.S. President Donald Trump vowed on Thursday to make a major tax announcement in the next few weeks.

At 10:43 AM ET (1543 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 19.02 points, or 0.12 percent, to 15,748.14.

It touched a record intraday high of 15,769.66 and has rallied more than 36 percent from a three-year trough in January last year.

Still, a rising domestic stock market will barely lift the confidence of ordinary Canadians, who are more concerned about job prospects in an economy threatened by a more protectionist United States, economists say.   Continued...