CANADA STOCKS-TSX gains capped by weak energy shares

Wed Sep 2, 2015 5:29pm EDT
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(Adds strategist comment, updates prices to close)

* TSX ends up 63.35 points, or 0.47 percent, at 13,545.25

* Seven of the TSX's 10 main groups rise

By Alastair Sharp

TORONTO, Sept 2 (Reuters) - Canada's main stock index gained on Wednesday in choppy trading as financial and consumer stocks rose but were offset by energy shares plagued by volatile crude oil prices.

Drugmaker Valeant Pharmaceuticals International Inc , one of the largest issuers on the index, jumped 4.1 percent to C$308.45 after the company said it had agreed to buy surgical device maker Synergetics USA Inc, its eighth acquisition this year.

But the index underperformed U.S. markets as the energy group weighed despite a bounce in oil prices.

"There's that cloud that continues to hang over the Canadian equity space, which is the volatility that still persists in oil prices," said Shailesh Kshatriya, an associate director for client strategy at Russell Investments Canada.

The Toronto Stock Exchange's S&P/TSX composite index ended up 63.35 points, or 0.47 percent, at 13,545.25. Seven of its 10 main groups rose.   Continued...