May 26, 2016 / 1:47 PM / a year ago

CANADA STOCKS-TSX rises to a 9-month high led by resource stocks

TORONTO, May 26 (Reuters) - Canada’s main stock index rose to a fresh nine-month high on Thursday as resource stocks rallied after oil breached $50 a barrel, while financials also advanced as investors digested quarterly earnings from some of the country’s major banks.

The Toronto Stock Exchange’s S&P/TSX composite index was up 56.37 points, or 0.40 percent, at 14,110.11, shortly after the open. Eight of the index’s 10 main groups were higher. (Reporting by Fergal Smith)

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