CANADA STOCKS-TSX rises at open as oil price climbs

Mon Jun 29, 2009 10:15am EDT
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* TSX up 0.53 percent at 10,444.65

* Energy sector climbs 1.2 percent as oil rises

* Choppy week expected due to market holidays

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By Jennifer Kwan

TORONTO, June 29 (Reuters) - Toronto's main stock index shot higher on Monday morning as rising oil prices boosted the index's big energy sector.

A mix of energy and financial names led the Toronto index higher, including Suncor Energy SU.TO, up 2.5 percent at C$35.76, and Bank of Nova Scotia BNS.TO, which climbed 1.7 percent to C$43.74.

The broader energy sector was up 1.2 percent as the price of oil CLc1, a key Canadian export, rose toward $70 a barrel after Nigeria's main militant group said it attacked a Royal Dutch Shell RDSa.L oil platform.

The news outweighed a bearish forecast on oil demand from the International Energy Agency. [ID:nSYD480539]   Continued...