for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

TSX gains as banks rise, Hudson's Bay jumps on M&A talk

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

TORONTO (Reuters) - Canada’s main stock index ended higher on Friday, helped by gains for the country’s biggest banks, which stand to benefit moves to scale back regulations in the U.S. financial industry, and a surge in Hudson’s Bay Co on a takeover move.

The Toronto Stock Exchange’s S&P/TSX composite index unofficially closed up 77.28 points, or 0.50 percent, at 15,476.39. The index fell 0.6 percent over the course of the week.

Reporting by Alastair Sharp, editing by G Crosse

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up