CANADA STOCKS-TSX rises to 11-month high led by financials and energy

Thu Jul 14, 2016 10:59am EDT
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(Adds details throughout on stocks and sectors, updates prices)

* TSX up 62.76 points, or 0.43 percent, to 14,556.56

* Index touches its highest since Aug. 5 at 14,558.12.

* Eight of the TSX's 10 main groups rise

TORONTO, July 14 (Reuters) - Canada's main stock index rose to a fresh 11-month high on Thursday led by financial and energy stocks as oil rose and after a major U.S. bank reported second-quarter profit that beat estimates.

The most influential movers on the index included Royal Bank of Canada, which rose 1.0 percent to C$80.06, and Manulife Financial Corp, which advanced 1.8 percent to C$17.83.

The overall financial sector group rose 0.7 percent.

JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a marginally lower second-quarter profit but still beat subdued analyst expectations.

The energy group rose 0.6 percent, helped by a recovery in oil prices after sharp losses the previous day.   Continued...