CANADA STOCKS-TSX scores biggest rally since mid Feb as oil rallies

Tue May 10, 2016 5:35pm EDT
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(Adds portfolio manager quotes, details on oil sands companies, updates prices)

* TSX closed up 211.35 points, or 1.56 percent, at 13,775.19

* Index touched its highest since May 3 of 13,797.96

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

By Fergal Smith

TORONTO, May 10 (Reuters) - Canada's main stock index on Tuesday scored its largest gain since mid February as oil and global stocks rose, while Canada's oil sands production trickled back as the wildfire threat eased.

The rally came after the index fell on Monday to a nearly four-week low of 13,535.54.

"There certainly has been some change in sentiment and it's a good thing that investors are getting back to buying on the dips," said Elvis Picardo, strategist and vice president of research at Global Securities.

The most influential movers on the index included Suncor Energy Inc, which rose 3.9 percent to C$34.52, and Canadian Natural Resources Ltd, which advanced 3.1 percent to C$36.95.   Continued...