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CANADA STOCKS-TSX rises as energy stocks brush off weak oil

Published 2015-12-21, 10:52 a/m
CANADA STOCKS-TSX rises as energy stocks brush off weak oil
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(Adds details, updates prices)
* TSX up 113.17 points, or 0.87 percent, at 13,137.47
* All of the TSX's 10 main groups rise

TORONTO, Dec 21 (Reuters) - Canada's main stock index rose
on Monday, helped by gains in heavyweight financial stocks,
while energy stocks brushed off an 11-year low in crude prices,
and consumer and industrial names also moved higher.
The most influential movers on the index included some of
its biggest banks, with Royal Bank of Canada RY.TO rising 0.9
percent to C$74.89 and Toronto-Dominion Bank TD.TO advancing
0.6 percent to C$55.05.
The overall financial group climbed 0.7 percent, while the
consumer staples, materials, and healthcare groups gained more
than 1 percent each.
Auto parts maker Magna International Inc MG.TO rose 1.1
percent to C$57.60, and convenience store chain Alimentation
Couche-Tard ATDb.TO advanced 0.9 percent to C$62.56.
At 10:26 a.m. EST (1526 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 113.17 points, or 0.87
percent, at 13,137.47. All 10 of the index's main groups rose.
The energy group climbed 1.1 percent, as oil prices pared
losses that took Brent crude to its lowest in more than 11
years, driven down by a relentless rise in global supply that
looks set to outpace demand again next year. O/R
U.S. crude CLc1 prices were last down 0.6 percent at
$34.52 a barrel, while Brent LCOc1 lost 0.7 percent to $36.61.
Suncor Energy SU.TO jumped 1.7 percent to C$36.59, and
Canadian Natural Resources CNQ.TO rose 0.5 percent to C$29.30.
Agricultural shares weighed, with Potash Corp POT.TO down
1.5 percent at C$23.86 and Agrium Inc AGU.TO declining 1.4
percent to C$127.55. Several analysts have recently downgraded
the stocks amid a weak pricing environment.
Advancers outnumbered decliners by 146 to 88, a 1.66-to-1
ratio on the upside.

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