CANADA STOCKS-TSX ekes out gain on financials, materials; energy weighs

Thu Nov 26, 2015 4:25pm EST
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(Adds strategist comment, updates prices to close)

* TSX ends up 21.77 points, or 0.16 percent, at 13,425.19

* Eight of the TSX's 10 main groups rise

By Alastair Sharp

TORONTO, Nov 26 (Reuters) - Canada's main stock index rose marginally on Thursday, helped by gains for some heavyweight bank stocks ahead of their earnings next week and rising materials stocks, while energy names slipped in line with a fall in crude oil prices.

The Toronto Stock Exchange's S&P/TSX composite index ended up 21.77 points, or 0.16 percent, at 13,425.19.

That was its third straight move of less than 0.2 percent, with volumes at roughly one-third typical levels with U.S. markets closed for Thanksgiving.

Bank of Nova Scotia gained 1 percent to C$60.71 and the overall financials group gained 0.3 percent as insurers also moved higher.

"Perhaps investors are trying to make a call on what those earnings (next week) will be, they're jockeying for position," said Allan Small, a senior investment advisor at HollisWealth.   Continued...