CANADA STOCKS-Financials help lift TSX to 2009 closing high

Mon Sep 14, 2009 4:40pm EDT
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* TSX up 78.81 points, or 0.7 pct at 11,332.04

* Financial, energy among big winners

* Materials group the lone decliner (Adds comments, details, official closing data)

By Wojtek Dabrowski

TORONTO, Sept 14 (Reuters) - Toronto's main stock index finished at a 2009 closing high on Monday as heavyweight energy and financial issues led a broad rally.

All but one of the TSX's ten main subgroups ended higher, with the energy sector adding 0.86 percent and financials gaining 1.32 percent.

The sole decliner was the resources-laden materials group, which slipped 0.87 percent.

"This is typically supposed to be a really volatile month and it's proved to be quite the contrary, actually," Elvis Picardo, vice-president of research at Global Securities in Vancouver, said of the gains made in recent sessions.

"There continues to be a lot of confidence in Canadian banks."   Continued...