CANADA STOCKS-TSX posts three-week high as oil rallies

Tue Mar 28, 2017 5:22pm EDT
 
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(Adds portfolio manager quotes and updates prices)

* TSX closes up 92.35 points, or 0.60 percent, at 15,598.57

* Index posts highest close in three weeks

* Seven of TSX's 10 main groups gain

By Fergal Smith

TORONTO, March 28 (Reuters) - Canada's main stock index notched its highest close in three weeks on Tuesday as an oil price rally helped energy stocks and a jump in U.S. consumer confidence boosted global markets.

U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism.

"It's indicative that the economy is on a firm footing and so we have most equity markets move higher, including a risk-on market like Canada," said Ben Jang, portfolio manager, Nicola Wealth Management.

Canada's market includes many commodity-related stocks, which benefit from a pick-up in global growth.   Continued...