CANADA STOCKS-TSX rises to 3-month high, led by energy and financial stocks

Fri Mar 11, 2016 4:57pm EST
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(Adds portfolio manager quotes, details on Hudson's Bay and ECB stimulus, updates prices to close)

* TSX up 142.86 points, or 1.07 percent, to 13,522.00

* Index touched its highest since Dec. 2 at 13,543.29

* Eight of the TSX's 10 main groups rise

By Fergal Smith

TORONTO, March 11 (Reuters) - Canada's main stock index rose on Friday, marking a new three-month high as an oil rally and improved risk appetite helped drive gains in energy and financial stocks.

For the week, the index scored a 2.3 percent gain.

U.S. crude prices settled at $38.50 a barrel, up 1.74 percent, after the Paris-based International Energy Agency said the market may have hit its bottom.

Investors also took a positive view of the European Central Bank's new stimulus package unveiled on Thursday.   Continued...