CANADA STOCKS-Gold miners, financials help TSX rise; Valeant surges

Thu Nov 19, 2015 5:02pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds investor comment, details, updates prices to close)

* TSX ends up 73.86 points, or 0.55 percent, at 13,473.83

* Seven of the TSX's 10 main groups higher

By Alastair Sharp

TORONTO, Nov 19 (Reuters) - Canada's main stock index rose on Thursday, with higher bullion prices boosting gold miners and confidence that the U.S. Federal Reserve will raise interest rates helping financial stocks, while Valeant Pharmaceuticals International Inc surged.

The energy sector fell 1.5 percent, notching outsized losses relative to a slight pullback in crude oil prices.

"I think the energy sector will continue to be weak," said John Stephenson, president and CEO at Stephenson & Company Capital Management, citing tough fundamentals that have dogged the commodity.

Valeant rallied 15.3 percent to C$111.79, its biggest one-day gain since early 2011. Still, the stock remains far below its price of C$300 in September as the company faces sharp scrutiny of its business practices.

The Toronto Stock Exchange's S&P/TSX composite index ended up 73.86 points, or 0.55 percent, at 13,473.83. Seven of its 10 main groups gained.   Continued...