CANADA STOCKS-TSX rises as oil jump boosts energy shares

Wed Mar 30, 2016 10:46am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds details of trading, updates prices)

* TSX up 106.67 points, or 0.79 percent, at 13,532.90

* Nine of the index's 10 main groups rise

TORONTO, March 30 (Reuters) - Canada's main stock index rose on Wednesday as energy stocks bounced with higher oil prices and equity investors broadly cheered a more cautious tone on U.S. interest rate hikes from the Federal Reserve.

Among the most influential movers on the index were pipeline operator Enbridge Inc, which rose 2.2 percent to C$50.19, and oil and gas producer Canadian Natural Resources , which advanced 1.1 percent to C$35.28.

The overall energy group climbed 1.5 percent, as the price of oil jumped in tandem with Wall Street and in reaction to a weaker dollar.

Gold miners meanwhile lost ground as the precious metal failed to retain its lustre a day after rallying on Fed Chair Janet Yellen's signal that rates will likely rise only gradually.

Barrick Gold Corp declined 2.3 percent to C$17.94 and Agnico Eagle Mines Ltd declined 1.9 percent to C$47.82.

The metal remains on track for its best quarter in nearly 30 years, up 16.4 percent.   Continued...