TSX gains on oil price jump, bank earnings positioning
TORONTO (Reuters) – Canada’s main stock index gained on Monday, as energy shares rose on a jump in oil prices and several major banks benefited from investor positioning ahead of quarterly earnings this week.
The energy group climbed 3.2 percent, with pipeline operator Enbridge Inc advancing 3.3 percent to C$44.57.
A world oil consumer body said it expected U.S. shale production to drop and data showed lower rig counts, pushing up oil prices that have been depressed by excessive supp
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