CANADA STOCKS-TSX rises to a 5-month high as oil losses pared

Mon Apr 18, 2016 5:04pm EDT
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(Adds portfolio manager quote, details on Canadian Natural Resources, Teck Resources, Potash Corp, Manulife, updates prices)

* TSX closed up 82.62 points, or 0.61 percent, at 13,719.82

* It touched its highest since Nov. 4 at 13,730.59

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

By Fergal Smith

TORONTO, April 18 (Reuters) - Canada's main stock index rose to a five-month high on Monday as energy stocks rallied after oil pared losses, while mining and financial sector stocks also advanced.

The index has rebounded 19 percent since hitting a near 3-1/2-year low in January.

U.S. corporate earnings have not been as bad as feared, while recent improvement in economic data has left investors more optimistic about the earnings outlook, said Kevin Headland, director of the portfolio advisory group at Manulife Asset Management.

"We think the back half of the year is going to be much better, at least in terms of an earnings perspective," he added.   Continued...