CANADA STOCKS-TSX rises, energy leads broad rally as oil climbs

Fri May 19, 2017 5:09pm EDT
 
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(Adds analyst quotes and background details, updates prices)

* TSX closes up 181.26 points, or 1.19 percent, at 15,458.46

* All of the index's 10 main groups end higher

* Energy rallies 2.5 percent

By Fergal Smith

TORONTO, May 19 (Reuters) - Canada's main stock index rose on Friday, extending its rebound from a 5-month low set intraday the day before, with energy shares leading a broad-based rally ahead of the Victoria Day holiday long weekend as oil prices rose.

The Toronto Stock Exchange's S&P/TSX composite index closed up 181.26 points, or 1.19 percent, at 15,458.46.

"The TSX is doing really nicely heading into the long weekend," said Colin Cieszynski, senior market analyst at CMC Markets Canada.

Investor sentiment toward Canada became less negative after the index had been pressured earlier in the week by the prospect of a renegotiation of the North American Free Trade Agreement, Cieszynski added.   Continued...