CANADA STOCKS-TSX rises, helped by earnings results

Tue May 2, 2017 10:43am EDT
 
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(Adds details on specific stocks, updates prices)

* TSX up 63.74 points, or 0.41 percent, at 15,639.37

* Nine of the TSX's 10 main groups were higher

TORONTO, May 2 (Reuters) - Canada's main stock index moved higher on Tuesday, helped by gains for companies whose financial results exceeded expectations, including energy company Encana Corp and e-commerce company Shopify.

Valeant Pharmaceuticals International Inc advanced 5.6 percent to C$13.96 after its CEO told shareholders the company is on track to repay $5 billion in debt by early next year.

Colliers International Group Inc shares jumped 9.8 percent to C$75.31 after the commercial real estate company posted strong first-quarter results.

E-commerce software maker Shopify Inc advanced 4.2 percent to C$110.57 after reporting a 75 percent jump in revenue and upping its full-year sales forecast.

Encana Corp, Canada's No. 2 oil and natural gas producer, advanced 2.5 percent to C$14.92 as higher oil and gas prices helped boost its operating profit.

The energy group climbed 0.5 percent, even as oil prices steadied.   Continued...