CANADA STOCKS-TSX ends higher as banks gain, Goldman fears ease

Mon Apr 19, 2010 5:40pm EDT
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* TSX gains 0.27 percent to 12,102.97

* Financial shares up 0.85 pct

* Energy stocks pare early losses (Adds details, paragraphs 11-13)

By Ka Yan Ng

TORONTO, April 19 (Reuters) - Toronto's main stock index ended higher on Monday as financial shares gained on positive U.S. earnings and economic data, and commodity stocks pared early losses triggered by last week's fraud charges against Goldman Sachs.

The charges against the Wall Street financial powerhouse initially shook equity and commodity markets for a second consecutive session, and took the Toronto index down nearly 1 percent to its lowest level in more than three weeks.

But heavily weighted financial shares helped draw the index into positive territory late in the session, supported by expectation-beating results from U.S. bank Citigroup C.N and a larger than expected gain in an index of leading U.S. economic indicators. [ID:nN19175994] [ID:nN19163699]

Royal Bank of Canada RY.TO, the country's largest lender, gained 0.99 percent to C$62, and No. 2 Toronto-Dominion Bank TD.TO rose 1.1 percent to C$76.97. Overall, the financial sector gained 0.85 percent.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended up 32.31 points, or 0.27 percent, at 12,102.97. Half of its 10 sectors were higher.   Continued...