TSX Rises as Oil Stocks Gain
Canada main stock index gained as energy stocks rose sharply while Brent touched 110 dollars a barrel. Investors also assessed warnings from the Bank of Canada regarding persistent energy price pressures on interest rates.
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Canada's main stock index rose 0.11% to 36,176.55 on Friday, driven by a 2.8% surge in energy stocks as Brent Crude Oil touched $110 a barrel. The gain pushed the index to its highest level since September 4, capping a 1.44% weekly advance. The commodity rally offset persistent worries over central bank tightening and a tech-sector pullback.
