CANADA STOCKS-TSX rises to 11-month high as mining stocks rally

Thu Jul 21, 2016 4:39pm EDT
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(Adds portfolio manager comments and details on index's performance and wholesale trade data, updates prices)

* TSX ends up 32.26 points, or 0.22 percent, at 14,565.83

* Index touches highest since Aug. 5, 2015

* Four of the TSX's 10 main groups move higher

By Fergal Smith

TORONTO, July 21 (Reuters) - Canada's main stock index rose to an 11-month high on Thursday as mining stocks rallied and strong earnings reports boosted the shares of Rogers Communications Inc and Encana Corp.

The index has rallied 12 percent year-to-date, outperforming Wall Street and many other major markets.

"Canada is actually in OK economic shape relative to other parts of the world," said Bryden Teich, portfolio manager at Avenue Investment Management, who expects fiscal spending to give the economy an additional boost.

The Liberal government's March budget placed a big bet on stimulus, including a monthly government payment to Canadian families that kicked in on Wednesday.   Continued...