CANADA STOCKS-TSX rises broadly as banks, resources lead rally

Fri May 19, 2017 10:40am EDT
 
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* TSX up 144.05 points, or 0.94 percent, to 15,421.25

* Healthcare falls 0.7 percent

TORONTO May 19 (Reuters) - Canada's main stock index rallied on Friday ahead of the Victoria Day holiday long weekend, propelled in part by gains in banking stocks and oil and gas companies.

Canadian economic data showed the country's annual inflation rate held steady in April, while March retail sales climbed more than expected, suggesting consumer spending was holding up.

The five most influential movers on the index were all banking issues, with Toronto Dominion Bank topping the list, rising 1.1 percent to C$63.22.

Home Capital Group Inc, which has been struggling to finance its assets after Canada's biggest securities regulator accused the company of making misleading statements to investors, rose 4.5 percent to C$9.27 after it reported a rise in its savings deposit balances.

The overall financial services group, which accounts for about a third of the index's weight, gained 0.9 percent.

At 10:26 a.m. ET (1426 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 144.05 points, or 0.94 percent, to 15,421.25, recouping some of the week's sharp losses. The index was still headed for an overall loss on the week, however.

Healthcare fell 0.7 percent, making it the only sector out of the index's 10 main ones to fall into negative territory.   Continued...