CANADA STOCKS-TSX jumps on U.S. data, commodity prices

Wed Dec 3, 2014 4:57pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Updates to close)

* TSX up 133.99 points, or 0.92 percent, at 14,754.06

* Seven of 10 main index sectors advance

* Energy shares jump 1.3 percent

By John Tilak

TORONTO, Dec 3 (Reuters) - Canada's main stock index rose nearly 1 percent on Wednesday as upbeat U.S. economic data and strong commodity prices helped drive shares higher in most major sectors.

Investors also digested news that Royal Bank of Canada reported stronger quarterly profit, with gains at its core personal and commercial banking and wealth management businesses offsetting weakness at its capital markets arm. The stock was up slightly.

Figures released on Wednesday showed U.S. private employers added jobs at a brisk pace in November.

Oil and gas shares have been pounded in recent weeks over concerns about increasing supply and sluggish demand, and last week's decision by the Organization of the Petroleum Exporting Countries to keep production steady sent oil prices and energy shares over the edge.   Continued...