CANADA STOCKS-TSX adds 1 pct as crude rise helps energy stocks

Mon Sep 21, 2015 4:36pm EDT
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(Adds portfolio manager comment, updates prices to close)

* TSX ends up 132.54 points, or 0.97 percent, at 13,779.44

* Eight of the TSX's 10 main groups rise

By Alastair Sharp

TORONTO, Sept 21 (Reuters) - Canada's main stock index added almost 1 percent 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 gained, with seven of them up at least 1 percent. Financial stocks, which make up more than a third of the TSX's weight, rose 1.7 percent.

The Toronto Stock Exchange's S&P/TSX composite index ended up 132.54 points, or 0.97 percent, at 13,779.44.

The rebound follows Friday's 1 percent loss following the U.S. Federal Reserve's decision to stand pat on raising U.S. interest rates amid concerns about global economic growth.

Manash Goswami, a portfolio manager at First Asset Investment Management Inc, said the Fed's dovish tone may have encouraged investors to buy into higher-yielding stocks such as Manulife Financial Corp and Enbridge Inc.   Continued...