CANADA STOCKS-TSX rises as financial stocks extend recovery
(Adds portfolio manager comments, details on ECB, Brookfield Asset Management; updates prices)
* TSX ends up 173.74 points, or 1.4 percent, at 12,554.98
* Nine of TSX's 10 main groups rise
By Fergal Smith
TORONTO, Feb 16 (Reuters) - Canada's main stock index rose on Tuesday to a one-week high as financials gained for a second straight session, while dashed hopes of an oil supply cut restrained gains for energy stocks and gold miners dragged.
The index extended a recovery from a three-week low on Thursday as concern about global financial stocks lessened. Canada's stock market was closed on Monday for a public holiday.
Financials have taken confidence from comments by European Central Bank President Mario Draghi, while there is a sense that oil prices may be stabilizing, said Subodh Kumar, chief investment strategist at Subodh Kumar & Associates.
"This is still very much a momentum market worldwide," he said.
Draghi said on Monday that the ECB is ready to ease policy further in March. Continued...