CANADA STOCKS-TSX nears five-month high on oil prices, TransCanada

Fri Feb 13, 2015 10:33am EST
 
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* TSX up 83.39 points, or 0.55 percent, at 15,311.91

* Five of 10 main index sectors advance

* TransCanada up about 1 percent after results

By John Tilak

TORONTO, Feb 13 (Reuters) - Canada's main stock index advanced to its highest in almost five months on Friday as stronger oil prices helped boost the energy sector and TransCanada Corp's shares climbed after the pipeline company reported quarterly results.

Positive signals from Germany, where economic growth was much stronger than expected in the fourth quarter, also supported the market.

TransCanada reported a higher-than-expected quarterly profit, driven mainly by increased earnings from its Canadian operations. The stock rose about 1 percent in early trade.

Both U.S. and Brent crude oil prices were up more than 3 percent, helping the energy sector rebound from recent lows.

The benchmark TSX rose for a fifth straight session and was on track to record a weekly gain.   Continued...