CANADA STOCKS-TSX rises as U.S. data, energy shares offer support

Thu Apr 2, 2015 4:25pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX up 84.07 points, or 0.56 percent, at 15,026.62

* Nine of the 10 main index sectors advance

* Suncor, Canadian Natural drive gains

By John Tilak

TORONTO, April 2 (Reuters) - Canada's main stock index rose on Thursday as shares of energy producers held on to gains despite falling oil prices, while most other major sectors were lifted by positive U.S. economic data.

Oil prices dropped as Iran and world powers reached a preliminary pact on Tehran's nuclear program. The agreement may eventually lead to higher Iranian oil exports.

Data showed that the number of Americans filing new claims for unemployment benefits dropped last week, indicating strength in the world's biggest economy.

The benchmark Canadian stock index, which fell in March, ended the week higher. It is up about 2.5 percent so far this year. The market is closed on Friday for the Good Friday holiday.

"The volatility is there, the trend is still up," said Irwin Michael, portfolio manager at ABC Funds. "The markets will saw-tooth to higher levels."   Continued...