CANADA STOCKS-Resource stocks help TSX gain; financials weigh

Fri May 15, 2015 4:46pm EDT
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(Adds strategist comment, updates prices to close)

* TSX ends up 80 points, or 0.53 percent, at 15,108.12

* Nine of the TSX's 10 main groups gain

By Alastair Sharp

TORONTO, May 15 (Reuters) - Canada's main stock index gained on Friday as a broad rally led by oil and gas, mining, and industrial stocks offset weakness among large-cap banks and insurers.

The Toronto Stock Exchange's S&P/TSX composite index added 80 points, or 0.53 percent, to 15,108.12. It ended the week off 0.4 percent.

Energy stocks gained despite mixed price action in crude markets that had traders and investors debating whether a recent rally could continue amid stubbornly high supplies.

Among the biggest gainers were pipeline companies Enbridge Inc, up 2.3 percent at C$61.84, and TransCanada Corp , which gained 1.8 percent to C$54.59.

Smaller energy issue Canadian Energy Services & Technology Corp surged almost 19 percent to C$6.66 after it declared a dividend and its earnings beat expectations.   Continued...