CANADA STOCKS-TSX advances as banks, energy power broad rally

Mon May 15, 2017 5:13pm EDT
 
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* TSX up 91.59 points, or 0.59 percent, to 15,629.47

* All 10 of the TSX's main groups advance

* Royal Bank of Canada up 1.2 percent at C$93.62

* Financials up 0.8 percent; energy stocks up 1.1 percent

By Solarina Ho

TORONTO, May 15 (Reuters) - Canada's main stock index rallied on Monday, powered in part by Royal Bank of Canada , which helped the heavily weighted financial stocks, and energy gains fueled by a jump in oil prices.

The Toronto Stock Exchange's S&P/TSX composite index closed up 91.59 points, or 0.59 percent, at 15,629.47.

All of the index's 10 main groups advanced.

"On balance, we think the market will saw-tooth its way higher to the end of the year," said Irwin Michael, portfolio manager at ABC Funds.   Continued...