CANADA STOCKS-TSX rises 2 pct, energy gains steam

Thu May 14, 2009 11:29am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO May 14 (Reuters) - Toronto's main stock index rose 2 percent on Thursday morning on strength in financials, while the energy sector climbed despite lower oil prices.

The S&P/TSX composite index .GSPTSE rose 195.54 points, or 2.01 percent, to 9,905.05.

Gains accelerated in the energy group, up 1.9 percent, even as the price of crude fell towards $57 a barrel after the International Energy Agency forecast global oil consumption would fall this year at the fastest rate since 1981. [ID:nSIN503436]

The energy group had started the session down nearly 1 percent. (Reporting by Ka Yan Ng; editing by Peter Galloway)