CANADA STOCKS-TSX rises as oil shares gain after Iran deal

Tue Jul 14, 2015 5:08pm EDT
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(Adds portfolio manager comment, updates prices to close)

* TSX ends up 66.18 points, or 0.46 percent, at 14,599.40

* Nine of TSX's 10 main groups rise; financials slightly lower

By Alastair Sharp

TORONTO, July 14 (Reuters) - Canada's main stock index rose on Tuesday as oil and gas stocks gained after a landmark nuclear deal between Iran and six global powers left sanctions on the country's crude exports in place for now, boosting energy prices.

The deal added to cautious optimism in recent sessions about an agreement to avert Greece's exit from the euro currency bloc and a rebound in China equities after a rout.

"There's a little bit more of a calm into the marketplace that's come over the past couple of days," said Philip Petursson from the portfolio advisory group at Manulife Asset Management.

The energy group, one of the Toronto Stock Exchange's S&P/TSX composite index most influential groups, jumped 1.9 percent. Suncor Energy Inc rose 2 percent to C$35.05 and Encana Corp jumped 4.3 percent to C$12.74.

U.S. crude prices gained 1.9 percent to $53.21 a barrel, while Brent crude added 1.4 percent to $58.63.   Continued...