CANADA STOCKS-TSX rises, led by energy and financial stocks as oil rallies

Tue Apr 26, 2016 10:58am EDT
 
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(Adds details on sectors and stocks throughout, updates prices)

* TSX up 28.77 points, or 0.21 percent, to 13,824.76 points

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

TORONTO, April 26 (Reuters) - Canada's main stock index rose on Tuesday as higher oil prices supported energy stocks while financial sector stocks also advanced, offsetting deep losses for one of the country's major railway stocks.

The most influential movers on the index included Canadian Natural Resources Ltd, which rose 1.2 percent to C$38.63, and TransCanada Corp, which advanced 1.5 percent to C$51.57.

The energy group climbed 0.8 percent as oil prices rose while financial sector stocks advanced 0.4 percent.

U.S. crude prices were up 1.7 percent to $43.36 a barrel.

At 10:43 a.m. EDT (1443 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 28.77 points, or 0.21 percent, to 13,824.76. Seven of the index's 10 main groups were higher.

The shares of Teck Resources Ltd rose 1.8 percent to C$13.30. The miner reported a surprise quarterly profit as cost-cutting measures and a weak Canadian dollar helped cushion the impact of lower coal and copper prices.   Continued...