CANADA STOCKS-TSX up as banks, industrials gain; resource stocks weigh

Tue Sep 20, 2016 10:23am EDT
 
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(Adds details on specific stocks, updates prices)

* TSX up 75.6 points, or 0.52 percent, at 14,571.83

* Seven of the TSX's 10 main groups move higher

TORONTO, Sept 20 (Reuters) - Canada's main stock index rose on Tuesday as financial and industrial stocks made gains, while the energy sector weighed with a pullback in oil prices.

The financials group, which accounts for 35 percent of the index's weight, gained 0.6 percent as investors brace for the outcomes of U.S. Federal Reserve and Bank of Japan policy meetings on Wednesday.

Royal Bank of Canada advanced 0.6 percent to C$81.21 and Bank of Nova Scotia added 0.8 percent to C$70.55.

Canadian National Railway Co gained 1.2 percent to C$84.07, helping the industrials group rise 0.7 percent.

At 10:07 a.m. EDT (1407 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 75.6 points, or 0.52 percent, at 14,571.83.

Seven of the index's 10 main groups were in positive territory, with three advancers for every decliner.   Continued...