Energy shares lift TSX despite higher yields

Canada main stock index rose slightly as strong energy sector gains offset declines in financials. Rising bond yields and oil prices kept investors cautious about interest rates.

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

Energy shares lifted Canada's main stock index 0.24% to 35,125.61 points during Thursday morning trade. The gain countered financial sector weakness driven by climbing bond yields and inflation concerns. The advance follows the index's steepest one-day drop since June 5 during the previous session.

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