CANADA STOCKS-TSX rises as financials and Blackberry gain ground
* TSX up 65 points, or 0.45 percent, at 14,623.04
* Seven of the TSX's 10 main groups rise
TORONTO, Sept 28 (Reuters) - Canada's main stock index rose on Wednesday, led by the country's heavyweight bank shares, while BlackBerry Ltd rallied after announcing a strategic shift away from hardware.
The Canadian technology company said it will outsource the development and design of its flagship smartphone. Its shares rose 4.5 percent to C$10.88.
Some of the most influential movers on the index were the country's bank stocks, including Royal Bank of Canada, which rose 0.7 percent to C$81.34, and Toronto-Dominion Bank , which advanced 0.6 percent to C$58.27.
The financials group gained 0.6 percent.
Gains for financial stocks followed a rise in European shares as the Chief Executive of Deutsche Bank said there was no need of a cash call.
Federal Reserve Chair Janet Yellen did not comment on the outlook for the economy or monetary policy in her prepared remarks for a House of Representatives Financial Services Committee hearing.
The energy group climbed 0.6 percent as oil prices firmed. Continued...