CANADA STOCKS-TSX rises as rally in oil prices supports energy stocks

Thu Jan 14, 2016 10:56am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Updates prices, adds details on energy, financial, consumer, industrial and mining stocks)

* TSX up 13.81 points, or 0.11 percent, to 12,183.59

* Seven of TSX's 10 main groups rise

TORONTO, Jan 14 (Reuters) - Canada's main stock index rose on Thursday after falling to a fresh 2-1/2-year low, as a rally in crude oil prices helped support energy stocks, while losses were unwound for financial stocks.

The index has fallen 6 percent in the first two weeks of 2016 as a deep slump in oil prices weighed on the resource-linked market. It fell 11 percent in 2015, its worst year since the global financial crisis of 2008.

Energy stocks rose 1.5 percent, helped by the rally in oil.

Enbridge rose 3.2 percent to C$44.20, while Canadian Natural Resources was up 1.7 percent at C$25.15.

U.S. crude prices were up 3.0 percent to $31.38 a barrel, while Brent crude added 1.8 percent to $30.86.

Financials were little changed as losses for heavyweight bank stocks were pared. Royal Bank of Canada fell 0.4 percent to C$68.90 and Toronto-Dominion Bank declined 0.5 percent to C$51.25.   Continued...