CANADA STOCKS-TSX rises with commodity prices, led by energy, mining

Thu Feb 4, 2016 10:52am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds details on energy, materials, railway and financial stocks, updates prices)

* TSX up 206.86 points, or 1.64 percent, at 12,799.88

* All 10 of the index's main groups were higher

TORONTO, Feb 4 (Reuters) - Canada's main stock index rose on Thursday as higher commodity prices helped lift energy and mining stocks, while railway stocks also saw strong gains.

A weaker U.S. dollar helped drive commodity markets higher for a second day, which supported the resource-linked market.

U.S. crude prices surged more than 2 percent and gold rose to a three-month high after expectations eased of a further rise in U.S. interest rates this year.

The most influential movers on the index included Canadian Pacific Railway Ltd, which rose 7.2 percent to C$170.50, and Canada's largest oil and gas company, Suncor Energy Inc , which advanced 3.6 percent to C$32.68.

Suncor reported a fourth-quarter operating loss and cut 2016 capital spending plans on Wednesday because of the collapse in global crude prices.

The overall energy group climbed 2.5 percent.   Continued...