CANADA STOCKS-TSX rises as higher oil supports energy, Bombardier rallies

Wed Apr 27, 2016 10:42am EDT
 
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(Adds details on sectors and stocks, updates prices)

* TSX up 62 points, or 0.45 percent, to 13,871.44

* Five of the TSX's 10 main groups rise

TORONTO, April 27 (Reuters) - Canada's main stock index rose on Wednesday as higher oil prices supported energy stocks, while industrials also advanced on speculation of a major order for a plane and train maker.

Shares of Bombardier Inc rose 6 percent to C$2.11 after the company moved forward release of its first-quarter results by a day to Thursday in a surprise announcement that elevated market expectations of a big CSeries order this week.

Cenovus Energy Inc reported a wider-than-expected quarterly operating loss and said its cash flow slumped 95 percent, hurt by the prolonged slump in oil and natural gas prices.

Still its shares rose 3.2 percent to C$19.50, while the overall energy group advanced 2.2 percent as oil reached its highest level of 2016.

U.S. crude rose 0.3 percent to $44.17 a barrel, while Brent crude added 0.6 percent to $46.02.

Canadian Natural Resources Ltd rose 1.9 percent to C$39.27, while Suncor Energy Inc was up 1.5 percent at C$36.88.   Continued...