CANADA STOCKS-TSX up after strong energy week, Magna up on demand

Fri Feb 26, 2016 5:13pm EST
 
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(Adds portfolio manager comment, details, updates prices to close)

* TSX ends up 44.19 points, or 0.35 percent, at 12,797.79

* Six of the TSX's 10 main groups rise

* Index marginally lower on week

By Ethan Lou

TORONTO, Feb 26 (Reuters) - Canada's main stock index rose on Friday, helped by gains in some major banks and energy companies and by a jump in shares of auto parts maker Magna International Inc, which reported strong European and North American demand.

Oil hit a seven-week high before settling lower as investors took profits at the end of a strong week for the commodity.

Canada's energy group gained 0.9 percent, with pipeline company Enbridge Inc adding 2 percent to C$46.98 and Cenovus Energy Inc up 4.5 percent to C$14.90.

Canadian Natural Resources, which had fallen a day earlier after its debt was downgraded by Moody's, rebounded 2.3 percent to C$27.39.   Continued...