CANADA STOCKS-TSX gains as oil, China, Wall St vie for influence

Tue Jan 19, 2016 5:16pm EST
 
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(Adds portfolio manager comment, updates prices to close)

* TSX ends up 60.07 points, or 0.50 percent, at 12,002.24

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

TORONTO, Jan 19 (Reuters) - Canada's benchmark stock index gained on Tuesday in volatile trade that tracked gyrations in oil markets, Wall Street's mixed return from a holiday and speculation on China's next economic policy move.

The Toronto Stock Exchange's S&P/TSX composite index ended the session up 60.07 points, or 0.50 percent, at 12,002.24, led by financial shares and helped by telecoms and some consumer stocks.

U.S. indexes, closed on Monday for a holiday when Toronto fell 1.1 percent, ended flat to slightly lower.

The Toronto index has slumped since late December and is just above its lowest levels since June 2013.

"The only way to get out of this muck, out of this quicksand the market's in, is to have a few good days in a row," said Barry Schwartz, portfolio manager at Baskin Financial Services.

But that has proven difficult for the TSX, which hasn't risen in two consecutive sessions since before it broke for Christmas.   Continued...