CANADA STOCKS-TSX rises but concerns linger; Hudson's Bay jumps

Mon Jun 15, 2015 5:13pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds strategist comment, updates prices to close)

* TSX adds 14.90 points, or 0.10 percent, to end at 14,756.05

* Half of 10 main sectors gain

* Hudson Bay rises on takeover deal

By Alastair Sharp

TORONTO, June 15 (Reuters) - Canada's main stock index tiptoed higher on Monday despite the unfolding Greek debt drama, helped by gains in shares such as Hudson's Bay Co after the retailer announced a $3.2 billion deal for Germany's leading department store chain.

Hudson's Bay jumped almost 8 percent to C$25.89 after the Canadian department store operator said it was buying the Kaufhof chain from Metro for 2.8 billion euros.

The broader consumer discretionary group was more muted, up just 0.1 percent.

Globally, equity markets fell broadly after the collapse of 11th-hour talks between near-bankrupt Greece and its creditors.   Continued...