CANADA STOCKS-TSX scores biggest gain in 2 months as financials rally

Thu Sep 15, 2016 5:08pm EDT
 
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(Adds portfolio manager quote and details on U.S. retail sales, TransCanada, Suncor and Royal Bank of Canada, updates prices)

* TSX ends up 137.21 points, or 0.96 percent, at 14,503.67

* All 10 of the TSX's main groups gain

By Fergal Smith

TORONTO, Sept 15 (Reuters) - Canada's main stock index scored its biggest gain in two months on Thursday, led by shares of financial and energy stocks as oil rose and investors reduced bets on a Federal Reserve interest rate hike.

Weak U.S. retail sales data undermined the argument that the Fed, the U.S. central bank, will raise interest rates next week, helping to send global equity prices higher.

Still, the U.S. economic outlook remains positive.

"Fundamentally I think the U.S. is in good shape and I think that the markets have been telling you this," said John Kinsey, portfolio manager at Caldwell Securities.

Some of the most influential movers on the index were financial stocks.   Continued...