CANADA STOCKS-TSX nears 5-month high on energy gains; TransCanada slips

Fri Feb 13, 2015 4:22pm EST
 
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* TSX up 36.29 points, or 0.24 percent, at 15,264.81

* Six of 10 main index sectors advance

* TransCanada slips 2.2 percent after results

By John Tilak

TORONTO, Feb 13 (Reuters) - Canada's main stock index rose to its highest level in almost five months on Friday as robust oil prices helped boost the energy sector, offsetting a decline in TransCanada Corp 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. But the stock shed 2.2 percent.

Both U.S. and Brent crude oil prices were up around 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...