CANADA STOCKS-TSX advances, led by energy stocks, as oil price gains

Mon May 15, 2017 10:41am EDT
 
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* TSX up 93.27 points, or 0.6 percent, to 15,631.15

* Nine of the TSX's 10 main groups advanced

TORONTO May 15 (Reuters) - Canada's main stock index rose on Monday as energy companies, helped by a jump in crude oil prices, led a broad rally.

The price of oil surged to its strongest in more than three weeks on Monday after Saudi Arabia and Russia supported an extension on supply cuts into 2018. Canada's energy sector is sensitive to the global price of oil.

Canadian Natural Resources Ltd was the most influential gainer on the index, rising 2.2 percent to C$43.16, while Suncor Energy Inc advanced 1.1 percent to C$43.91.

The overall energy group climbed 1.7 percent. U.S. crude prices were up 2.7 percent to $49.15 a barrel.

At 10:25 a.m. ET (1425 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 93.27 points, or 0.6 percent, to 15,631.15.

Telecoms, down 0.1 percent, was the only one of the index's 10 main groups that did not advance.

The financials group gained 0.4 percent, as Toronto Dominion Bank led the sector with a 0.7 percent advance to C$63.52. Home Capital Group Inc, which updated its liquidity and deposits status on Monday, bounced 6.2 percent to C$9.71.   Continued...