CANADA STOCKS-Financials, industrials, energy lead TSX bounce

Mon Sep 21, 2015 11:29am EDT
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(Updates with market reaction, analyst comment, details)

* TSX up 172.33 points, or 1.26 percent, to 13,819.23

* Nine of the TSX's 10 main groups rise

By Solarina Ho

TORONTO, Sept 21 (Reuters) - Canada's main stock index rose on Monday, bolstered by robust gains across most of the index's key sectors including financial and energy stocks, which were helped by higher crude oil prices.

Eight of the index's 10 main groups saw gains of more than 1 percent, with financial stocks, which make up roughly a third of the TSX's weight, up 1.6 percent.

Canadian banks, which have a significant stake in the country's oil and gas industry, have often seen their fortunes move in tandem with crude prices in recent months. Crude rose on Monday following U.S. drilling data that showed activity had slowed.

Toronto-Dominion Bank was among the gainers carrying the most weight, rising 1.4 percent to C$52.40.

At 11:16 a.m. EDT (1516 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 172.33 points, or 1.26 percent, to 13,819.23.   Continued...