March 21, 2016 / 8:13 PM / a year ago

CANADA STOCKS-TSX rises as banks, telecoms gain; Valeant surges

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TORONTO, March 21 (Reuters) - Canada's main stock index ended higher on Monday, helped by rising banks and telecom stocks and by a surge in Valeant Pharmaceuticals International Inc after it parted ways with its CEO and invited an activist investor to its board.

The Toronto Stock Exchange's S&P/TSX composite index unofficially settled up 64.02 points, or 0.47 percent, at 13,561.09. All 10 main sectors gained. (Reporting by Alastair Sharp; Editing by Sandra Maler)

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