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UPDATE 1-CANADA STOCKS-TSX jumps as oil prices boost energy shares

Published 2015-10-28, 05:00 p/m
© Reuters.  UPDATE 1-CANADA STOCKS-TSX jumps as oil prices boost energy shares
GSPTSE
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ATDb
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PRMW
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CNQ
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CNI
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* TSX up 163.56 points, or 1.19 percent, at 13,863.16
* Nine of the TSX's 10 main groups rise

(Updates to close)
TORONTO, Oct 28 (Reuters) - Canada's main stock index closed
up 1.2 percent on Wednesday, boosted by a sharp rally in oil
prices that benefited energy stocks, while railways also
featured among major gainers.
Among major stock index movers were Canadian National
Railway CNR.TO , which rose 2.9 percent to C$81.79 as higher
freight rates helped it report a lift in revenue despite lower
volumes. urn:newsml:reuters.com:*:nL3N12R5MO
A Federal Reserve policy decision to hold U.S. interest
rates provided support to the market.
"The markets were expecting calming words from the Fed,"
said Youssef Zohny, portfolio manager at StennerZohny Investment
Partners of Richardson GMP Ltd, which manages about C$28.3
billion in assets.
"The markets got what they wanted and reacted positively,"
he added. "The probability of a rate hike depends on equity
markets and incoming economic data."
The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE closed up 163.56 points, or 1.19 percent, at
13,863.16. Nine of its 10 main groups gained.
On the negative side, convenience store chain Alimentation
Couche-Tard ATDb.TO slipped 1.3 percent to C$58.06. Cott Corp
BCB.TO fell 6.9 percent to C$14.14 after the beverage
company's earnings missed expectations. urn:newsml:reuters.com:*:nASB0ACN7
The energy group see-sawed in early trade but ended up 2.7
percent, with Canadian Natural Resources CNQ.TO rising 3.7
percent to C$30.65.

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