CANADA STOCKS-TSX rises as higher oil boosts energy stocks

Wed Oct 5, 2016 10:42am EDT
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(Adds details on specific stocks and sectors, updates prices)

* TSX up 97.84 points, or 0.67 percent, to 14,618.85

* Eight of the TSX's 10 main groups rise

TORONTO, Oct 5 (Reuters) - Canada's main stock index rose on Wednesday as energy stocks gained with higher oil prices and as investors broadly cheered trade data that offered further evidence of a third quarter economic rebound.

At 10:16 a.m. EDT (1416 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 97.84 points, or 0.67 percent, to 14,618.85.

Eight of its main groups were in positive territory.

The energy group climbed 1.9 percent as oil prices pushed to their highest since June, supported by an industry report that U.S. inventories probably fell for a fifth straight week and OPEC's deal to cut supply.

Suncor Energy Inc rose 1.5 percent to C$36.94 and Canadian Natural Resources Ltd rose 1.8 percent to C$42.76.

Enerplus Corp shares rose 6.3 percent to C$9.68. The energy producer has put its natural gas assets in the U.S. Marcellus shale region up for sale, according to three sources familiar with the situation.   Continued...