CANADA STOCKS-Banks help TSX edge higher for third straight gain

Tue May 19, 2015 4:52pm EDT
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(Adds portfolio manager comment, updates prices to close)

* TSX ends up 12.90 points, or 0.09 percent, at 15,121.02

* Six of the index's 10 main groups fall

By Alastair Sharp

TORONTO, May 19 (Reuters) - Financial stocks helped Canada's main stock index gain for a third straight session on Tuesday as investor optimism got a boost from Bank of Canada commentary and the U.S. Dow industrials closing at a record high.

The Toronto Stock Exchange's S&P/TSX composite index rose 12.90 points, or 0.09 percent, to 15,121.02. The market was closed on Monday, when two major U.S. indices hit record closing highs. Six of the index's 10 main groups fell.

Valeant Pharmaceuticals International Inc, an index heavyweight, led with a 3.3 percent rise to C$278.82. The overall healthcare group jumped 2.7 percent.

Financial institutions were the next three most influential gainers, with Royal Bank of Canada up 1.7 percent at C$80.09 and Toronto-Dominion Bank adding 1.3 percent to C$56.09.

Insurer Manulife Financial Corp rose 2.3 percent to C$23.13 and the overall group, which make up about a third of the index's weight, advanced 1.1 percent.   Continued...