CANADA STOCKS-TSX extends 11-month high as banks cheered by JPMorgan

Thu Jul 14, 2016 4:52pm EDT
 
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(Adds strategist comment, updates prices to close)

* TSX ends up 20.72 points, or 0.14 percent, at 14,514.52

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

* Six of the TSX's 10 main groups rise

By Alastair Sharp

TORONTO, July 14 (Reuters) - Canada's main stock index rose to a fresh 11-month high on Thursday as heavyweight banking stocks benefited after U.S. bank JPMorgan Chase reported strong loan growth and rising oil prices boosted energy stocks.

It was a second day of marginal gains for the Toronto Stock Exchange's S&P/TSX composite index, following two days of more forceful gains to start the week.

The index closed up 20.72 points, or 0.14 percent, at 14,514.52 after touching its highest since Aug. 5 at 14,558.12. Six of its 10 main sectors ended higher.

The gains so far this week have been backed by improved global risk sentiment as political tensions eased in Britain, Japan prepared more stimulus and U.S. stocks hit record highs, while U.S. economic data lent support.   Continued...