CANADA STOCKS-TSX clings to modest gain as consumer-related stocks rise

Fri Mar 24, 2017 4:52pm EDT
 
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(Adds portfolio manager quote, details on Bombardier and U.S. healthcare vote and updates prices)

* TSX closes up 9.06 points, or 0.06 percent, at 15,442.67

* Six of the TSX's 10 main groups end higher

By Fergal Smith

TORONTO, March 24 (Reuters) - Canada's main stock edged higher on Friday, led by consumer-related stocks, while U.S. approval of the Keystone XL pipeline gave TransCanada Corp a boost before some gains were pared.

The Toronto Stock Exchange's S&P/TSX composite index closed up 9.06 points, or 0.06 percent, at 15,442.67.

It was the second straight day of gains for the index after Canada's government on Wednesday held off from raising taxes on investors in its budget.

Modest gains for the TSX on Friday came as stocks on Wall Street pared losses after Republicans pulled their bill to overhaul the U.S. healthcare system.

Still, the index dipped 0.3 percent for the week. It hit on Wednesday a three-month low intraday at 15,241.55.   Continued...