CANADA STOCKS-TSX rallies broadly as Greek deal lifts sentiment

Mon Jul 13, 2015 4:53pm EDT
 
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(Adds investor comment, updates prices to close)

* TSX ends up 122.15 points, or 0.85 percent, at 14,533.22

* All 10 main sectors finish higher

By Alastair Sharp

TORONTO, July 13 (Reuters) - Canada's main stock index rallied on Monday, sharing in global market relief that all-night talks between Greece and euro zone leaders had resulted in a deal that would keep Athens afloat and a part of the euro monetary union.

While Greece has little direct bearing on Canadian equities, investors had fretted about the fallout if the talks to keep the country in the euro zone had failed.

"It's a good news story from a standpoint of removing a little of the uncertainty out of Greece in the short term, with all the volatility. So markets are quite happy," said Sun Life Global Investments Chief Investment Officer Sadiq Adatia.

The Toronto Stock Exchange's S&P/TSX composite index ended up 122.15 points, or 0.85 percent, higher at 14,533.22.

All 10 of the index's main groups advanced, with the heavyweight energy and financial groups giving the index the biggest boosts despite making the smallest actual gains.   Continued...