CANADA STOCKS-TSX rallies to a 2-week high, led by energy as oil surges

Mon May 16, 2016 5:01pm EDT
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(Adds portfolio manager comments, details on Brookfield Asset Management, updates prices)

* TSX closed up 144.91 points, or 1.05 percent, at 13,893.49

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

By Fergal Smith

TORONTO, May 16 (Reuters) - Canada's main stock index rallied more than one percent to a two-week high on Monday, with energy stocks leading broad-based gains as oil surged.

Oil prices reached six-month highs on worries about global supply outages and as long-time bear Goldman Sachs sounded more positive on the market.

"Over this year Canada looks like an attractive investment opportunity, I think oil is going to finish higher than where it is right now," said Kevin Headland, senior investment strategist at Manulife Investments.

U.S. crude prices were up 3.6 percent to $47.89 a barrel, while Brent crude added 2.6 percent to $49.08.

The most influential movers on the index included Suncor Energy Inc, up 2.7 percent at C$34.98, and Canadian Natural Resources, which added 2.1 percent at C$37.73.   Continued...