CANADA STOCKS-TSX makes slim gain on oils,as banks weigh

* TSX gains 0.09 percent to 12,113.53

* Oil price rebound lifts energy shares

* Financials and materials key decliners
(Updates to close)

TORONTO, April 20 (BestGrowthStock) – Toronto’s main stock index
closed higher for a second straight session on Tuesday as a
rebound in the price of oil sent the hefty energy group
higher.

The energy sector jumped 1.16 percent as oil snapped its
three-day decline to rise above $83 a barrel as some European
flights resumed after the threat from volcanic ash from Iceland
receded. [O/R]

Shares of Suncor Energy Inc (SU.TO: ), Canada’s largest oil
company, rose 0.59 percent to C$34.25, while Husky Energy
(HSE.TO: ) rose 2.24 percent to C$29.72. Talisman Energy (TLM.TO: )
gained 3.96 percent to C$17.33.

“Energy stocks are one of the strong sectors today, largely
because crude oil has jumped up $2. The markets are also taking
their cue from the U.S.,” said Elvis Picardo, analyst and
strategist at Global Securities.

He said U.S. earnings reports so far have generally
exceeded estimates and Canadian investors are gearing up for
similar results from domestic businesses.

The Toronto Stock Exchange’s S&P/TSX composite index
(.GSPTSE: ) ended 10.56 points, or 0.09 percent, higher at
12,113.53. Six of the index’s 10 main groups were higher.

Financials and materials, two of the index’s weightiest
groups, were on the decline after the Bank of Canada made its
clearest signal yet that it may raise interest rates as soon as
June, while the price of gold pared gains. [ID:nN20257669]
[GOL/]

Financials fell 0.43 percent, with most of the country’s
big banks down on the day. Royal Bank of Canada (RY.TO: ) was off
0.3 percent at C$61.31,

Materials dropped 0.56 percent.

Stock Market Report

($1=$1.00 Canadian)
(Reporting by Ka Yan Ng; editing by Rob Wilson)

CANADA STOCKS-TSX makes slim gain on oils,as banks weigh