CANADA STOCKS-TSX rises as oil boosts energy stocks; Fed decision looms

Wed Mar 16, 2016 10:45am EDT
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(Adds details, updates prices)

* TSX up 67.95 points, or 0.51 percent, to 13,468.26

* Seven of the TSX's 10 main groups rise

TORONTO, March 16 (Reuters) - Canada's main stock index rose on Wednesday as energy companies gained along with oil prices and investors awaited a Federal Reserve policy decision later in the session.

The most influential gainers on the index included Suncor Energy Inc, which advanced 1.4 percent to C$36.25, and Canadian Natural Resources, up 1.6 percent to C$35.76.

Oil prices jumped 3 percent on news producers will meet next month to discuss a proposal to freeze output and on growing signs of a decline in U.S. crude production.

The overall energy group climbed 1.3 percent. Encana Corp gained 4.8 percent to C$7.63 after rating agency Fitch assigned the company a first-time rating of BBB- on Tuesday with a negative outlook.

At 10:25 a.m. EDT (1425 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 67.95 points, or 0.51 percent, to 13,468.26.

Seven of the index's 10 main groups were in positive territory, with more than three advancers for every decliner.   Continued...