TSX Holds Near 19-Month Peak, Led By Energy -- Canadian Commentary

(RTTNews) - Canadian stocks nudged higher Friday, led by gains in the energy sector.

The S&P/TSX Composite Index added 33 points to 15,252, moving back toward 19-month highs seen earlier this week.

Energy stocks added 0.5 percent. Jan. WTI oil was up $1, or 2%, for the session to finish at $51.90/bbl.

Financials were slightly weaker after a recent rally.

Toronto's mayor John Tory has accused Bombardier (BBD.B.TO) of 'complete failure' on its troubled TTC train order, BNN reports. Shares were flat.

Saputo (SAP.TO) said its CFO And Secretary Louis-Philippe Carriere will retire, effective August 1. Shares rose 1.2 percent.

Eldorado Gold Corp. (ELD.TO, EGO) announced that Paul Wright will retire from his position of President and CEO following the company's AGM in April 2017.

George Burns will succeed Wright as President and CEO. Shares rose 3.3 percent.

Rogers Communications (RCI.B.TO) will scrap its next-gen TV platform in favor of Rogers Comcast's X1 platform by early 2018. Shares dropped 0.9 percent.

Chemtrade Logistics Income Fund (CHE_u.TO) says it has reached an agreement to purchase Canexus Corp. (CUS.TO) for about $300 million cash. Chemtrade shares rose 2.7 percent.

Sobeys operator Empire Company (EMPa.TO) said its would cut costs after its adjusted profit tumbled 70 percent last quarter. Shares slipped 3.3 percent.