CANADA STOCKS-TSX near 2-week high on Greece hopes, technicals

Tue Jun 23, 2015 11:28am EDT
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(Updates market action and adds comments)

* TSX up 93.83 points, or 0.63 percent, at 14,884.31

* Nine of the TSX index's 10 main groups rise

By Solarina Ho

TORONTO, June 23 (Reuters) - Canada's main stock index extended gains on Tuesday, tracking rises in stock markets around the world spurred by optimism that a deal can be reached to stave off a Greek debt default.

Technical drivers, including trading in the aftermath of Friday's "quadruple witching", in which a number of stock options contracts expired, also helped the TSX.

"Some of it is still the unwind from the quadruple witching ... A lot of technical stuff going on from the rebalancings on Friday," said Paul Hand, managing director at RBC Capital Markets.

"(Greece) is tangential in the sense that it doesn't really impact North American markets directly. But it's relief, hopefully, so we can get on to other things like what the economy's actually doing."

Top gainers among heavily weighted stocks included Royal Bank of Canada, which rose 0.70 percent to C$77.94, and Toronto-Dominion Bank, which advanced 0.7 percent to C$54.01.   Continued...