CANADA STOCKS-TSX rises to nearly 1-week high, led by energy

Thu Sep 29, 2016 11:01am EDT
 
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(Adds details throughout on sectors and stocks, updates prices)

* TSX up 36.7 points, or 0.25 percent, to 14,768.13

* Index touches its highest since Friday at 14,780.70

* Energy climbs more than 7 percent over past two days

* Six of the TSX's 10 main groups rise

TORONTO, Sept 29 (Reuters) - Canada's main stock index rose on Wednesday to a nearly one-week high as energy stocks added to sharp gains from one day before on a surprise output cut agreement by OPEC.

The most influential movers on the index were some of the country's largest energy companies. Suncor Energy Inc rose 1.9 percent to C$36.25 and Canadian Natural Resources Ltd advanced 1.6 percent to C$41.81.

The index's energy group climbed 1.9 percent, which takes its rally over the past two days to more than 7 percent.

Oil prices edged higher even as investors questioned whether an agreement on Wednesday by the Organization of the Petroleum Exporting Countries would be enough to rebalance a heavily over-supplied market. U.S. crude prices were up 0.2 percent to $47.16 a barrel.   Continued...