CANADA STOCKS-TSX gains as energy rebound offsets mining weakness

Wed Aug 3, 2016 5:02pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds strategist comment, updates prices to close)

* TSX ends up 35.04 points, or 0.24 percent, at 14,512.05

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

* Materials stocks fall 1 pct, energy group gains 2.2 pct

By Alastair Sharp

TORONTO, Aug 3 (Reuters) - Canada's main stock index gained on Wednesday as shares in energy companies benefited from a rebound in oil prices, offsetting losses among gold miners and other materials stocks.

Oil prices jumped more than 3 percent after a surprisingly strong drawdown in gasoline stockpiles, pushing the U.S. benchmark back above $40 a barrel after falling from $50 in late June.

The Toronto Stock Exchange's S&P/TSX composite index ended the session up 35.04 points, or 0.24 percent, at 14,512.05.

Its energy group, a major component, climbed 2.2 percent.   Continued...