CANADA STOCKS-TSX rebounds as oil rallies, led by banks, energy stocks

Fri Feb 12, 2016 5:25pm EST
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(Adds portfolio manager quotes, updates prices)

* TSX ends up 293.87 points, or 2.43 percent, at 12,381.24

* All 10 of the TSX's main groups higher

* Index's largest gain in three weeks

By Fergal Smith

TORONTO, Feb 12 (Reuters) - Canada's main stock index rebounded on Friday after five days of losses, led by banks and energy stocks as crude oil prices rallied and after U.S. retail sales data offered encouragement on economic growth.

Relative calm returned to financial markets after a week of turmoil in which investors worried about the impact of negative interest rates on banking profits.

U.S. consumer spending appeared to have regained its momentum in January, supporting the possibility of Federal Reserve rate hikes this year.

It was a "risk trade back on" day after markets suffered "a bit of a beating across the board," said Sadiq Adatia, chief investment officer at Sun Life Global Investments.   Continued...