July 29, 2015 / 8:10 PM / 2 years ago

CANADA STOCKS-TSX bounces higher on Fed, oil-price rise

TORONTO, July 29 (Reuters) - Canada’s main stock index closed sharply higher on Wednesday, helped by gains in banks, railways and oil companies as crude prices bounced off near six-month lows and the U.S. Federal Reserve left the door open for a September interest rate hike.

The Toronto Stock Exchange’s S&P/TSX composite index ended up 224.44 points, or 1.59 percent, at 14,301.80. The energy, financial and industrial sectors all clocked gains of more than 2 percent.

Reporting by Alastair Sharp; Editing by Peter Galloway

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