August 19, 2019 / 11:47 AM / a month ago

TSX opens higher on energy lift, stimulus hopes

FILE PHOTO: A man walks past an old Toronto Stock Exchange (TSX) sign in Toronto, June 23, 2014. REUTERS/Mark Blinch

(Reuters) - Canada’s main stock index opened higher on Monday, with gains led by energy companies, as sentiment was buoyed by signs of an interest rate reform in China that raised hopes that major economies would act to counter slowing economic growth.

At 9:30 a.m. ET (13:30 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 76.74 points, or 0.48%, at 16,226.53.

Reporting by Amy Caren Daniel in Bengaluru; Editing by Shounak Dasgupta

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