CANADA STOCKS-TSX rises for fourth day as energy lifts; Fed in focus

Wed May 20, 2015 11:14am EDT
 
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(Updates throughout with details, analyst comment, market moves)

* TSX up 45.18 points, or 0.3 percent, to 15,166.2

* Nine of the TSX's 10 main groups rise

By Solarina Ho

TORONTO, May 20 (Reuters) - Canada's main stock index rose broadly for the fourth straight day on Wednesday, with nearly every sector making gains and energy companies getting a boost from rebounding commodity prices.

Investors were also awaiting the minutes from the Federal Reserve's April meeting for clues on when the U.S. central bank will likely resume hiking interest rates.

Suncor Energy Inc was among the most influential movers on the upside, rising 1.16 percent to C$36.55, while Canadian Natural Resources advanced 1.0 percent to C$38.09.

The overall energy group, which make up some 20 percent of the TSX, climbed 0.9 percent.

"The recent weakness of the U.S. dollar has helped some of the commodities in Canada," said Sid Mokhtari, market technician and director, institutional equity research, CIBC World Markets.   Continued...