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CANADA STOCKS-TSX gains, buoyed by financials, Valeant rebound

Published 2015-10-16, 10:14 a/m
© Reuters.  CANADA STOCKS-TSX gains, buoyed by financials, Valeant rebound
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* TSX up 45.92 points, or 0.33 percent, at 13,874.89
* Six of the TSX's 10 main groups rise

TORONTO, Oct 16 (Reuters) - Canada's main stock index rose
on Friday, helped by a bounce back in Valeant Pharmaceuticals (N:VRX)
International Inc VRX.TO and gains in heavyweight financial
stocks.
At 9:53 a.m. ET (1353 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 45.92 points, or 0.33
percent, at 13,874.89. It is on track to slip 0.6 percent on the
week.
The most influential mover by far was Valeant, which jumped
2.6 percent to C$222.45, rebounding from a sharp fall the
previous day after it said it had been subpoenaed by U.S.
prosecutors over its drug pricing and patient-assistance
practices. urn:newsml:reuters.com:*:nL3N12F3PM
The financials group, which accounts for more than a third
of the index's weight, climbed 0.4 percent.
Gainers included Brookfield Asset Management BAMa.TO ,
which added 1.4 percent to C$43.52, and Toronto-Dominion Bank
TD.TO , which advanced 0.5 percent to C$52.43.
The overall energy group slipped 0.2 percent despite oil
prices snapping a week-long decline, although some of its
biggest members rose.
The index was almost evenly split between advancers and
decliners, with six of the 10 main groups gaining.

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