CANADA STOCKS-TSX rises with banks ahead of Fed, TD recovers somewhat

Mon Mar 13, 2017 11:00am EDT
 
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(Adds details on specific stocks, updates prices)

* TSX up 47.69 points, or 0.31 percent, at 15,554.37

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

TORONTO, March 13 (Reuters) - Canada's main stock index rose on Monday as financial stocks pushed higher ahead of an expected U.S. Federal Reserve rate hike and as some mining stocks gained from higher commodity prices.

Toronto-Dominion Bank was among the most influential gainers, recovering somewhat after a sharp fall on Friday following media reports which said staff had been put under pressure to meet sales targets. [nL2N1GN1RY}

TD rose 1.8 percent to C$67.17 after falling 5.6 percent on Friday, and most other major banks also gained, helping the financials group add 0.6 percent overall.

Financial technology company DH Corp also gained, jumping 8.7 percent to C$25.05, after Vista Equity Partners said it would take the company private in a C$4.8 billion deal.

At 10:33 a.m. ET (1433 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 47.69 points, or 0.31 percent, at 15,554.37.

Seven of the index's 10 main groups were in positive territory.   Continued...