CANADA STOCKS-TSX halts 3-day slide, but energy stocks weigh

Thu May 14, 2015 5:05pm EDT
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(Adds strategist's comment, updates prices to close)

* TSX ends up 47.40 points, or 0.32 percent, at 15,028.12

* Nine of the TSX's 10 main groups higher

By Alastair Sharp

TORONTO, May 14 (Reuters) - Canada's main stock index broke a three-day slide on Thursday in a broad rally in which gold miners gained on higher bullion prices as the U.S. dollar weakened, but the heavyweight oil and gas sector fell along with crude prices.

The Toronto Stock Exchange's S&P/TSX composite index ended up 47.40 points, or 0.32 percent, at 15,028.12. Nine of the index's 10 main sectors gained.

That followed a 1.2 percent drop over the previous three days, in which bond market gyrations and economic worries rattled investors.

"The market is vulnerable still," said John Ing, president of Maison Placements Canada. "The move in gold is the canary in the coal mine."

The price of bullion hit a three-month high as the U.S. dollar came under pressure following mixed economic data that pushed back expectations for higher U.S. interest rates.   Continued...