CANADA STOCKS-TSX rises for 5th straight day, posts new record high

Mon Feb 13, 2017 4:52pm EST
 
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(Adds portfolio manager quotes and details on Trudeau meeting with Trump, updates prices)

* TSX closes up 27.46 points, or 0.17 percent, at 15,756.58

* Index posts a new record high

* Five of the TSX's 10 main groups rise

By Fergal Smith

TORONTO, Feb 13 (Reuters) - Canada's main stock index rose for the fifth straight day on Monday, posting a fresh all-time peak as financials and industrials climbed, while lower oil and gold prices weighed on resource shares.

U.S. equity indexes also reached record highs as investors bet tax cuts promised by President Donald Trump would boost the economy.

Trump said on Monday the United States will be "tweaking" its trade relationship with Canada, stopping short of calling for a major realignment in a development likely to please visiting Canadian Prime Minister Justin Trudeau.

"I think it (the visit) went very well for Canada," said John Kinsey, portfolio manager at Caldwell Securities.   Continued...