CANADA STOCKS-TSX lifted by financials, record U.S. stocks

Tue May 19, 2015 10:54am EDT
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(Updates throughout with fresh details, analyst comment, market moves)

* TSX up 18.93 points, or 0.13 points, at 15,127.05

* Six of the index's 10 main groups rise

By Solarina Ho

TORONTO, May 19 (Reuters) - Canada's main stock index climbed for the third straight session on Tuesday, as financial stocks helped lead the market higher and investor optimism got a boost from U.S. stocks closing at record highs on Monday.

Valeant Pharmaceuticals International Inc, a perennial index heavyweight, lead with a 2.7 percent rise to C$277.24. The overall healthcare group jumped 2.1 percent.

Financial institutions rounded out the top five most influential gainers, with Royal Bank of Canada up 1.1 percent at C$79.68. Manulife Financial Corp rose 1.8 percent to C$23.03. The overall group, which make up about a third of the index's weight, advanced 0.7 percent.

"There should be some follow through this week on New York hitting new highs, though it's going to be slow," said Douglas Davis, chief executive officer at Davis-Rea.

At 10:31 a.m. EDT (1431 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 18.93 points, or 0.13 points, at 15,127.05. Six of the index's 10 main groups were up.   Continued...