CANADA STOCKS-TSX climbs as energy, financial sectors advance

Fri Feb 27, 2015 10:40am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX up 22.85 points, or 0.15 percent, at 15,264.01

* Six of 10 main index sectors advance

* TD, RBC lead market higher

By John Tilak

TORONTO, Feb 27 (Reuters) - Canada's main stock index rose on Friday as higher oil prices helped support shares of energy companies and banks climbed after reporting quarterly results earlier this week.

Brent crude oil was on track to record its first monthly gain since July, supported by strong investor inflows, an improving demand outlook and supply outages.

Most of the major Canadian banks advanced. Their recent quarterly reports helped calm some investor fears about the impact a sluggish economy and an oil price slump were having on financial institutions.

The benchmark index was set to climb 4 percent this month, boosted by a rebound in the energy and financial sectors.

"There's this choppiness in the market," said Allan Small, a senior investment adviser at wealth management firm HollisWealth. "We're waiting for a catalyst to take us to the next level."   Continued...