Canada's main stock index rose on Friday, boosted by the heavy-weight financial sector and energy companies, which were supported by higher oil prices. At 9:45 am ET (1345 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index rose 23.28 points, or 0.15 percent, to 15,644.75. Shares of Manulife Financial Corp and Bank of Nova Scotia, both of which were up about 0.7 percent, helped the finiancial group gain 0.13 percent.
Oil prices strengthened as global supplies remained tight and the market awaited news from Washington on possible new US sanctions against Iran. Also helping the energy sector was Pembina Pipeline , up 3 percent, after the company on Thursday reported higher quarterly revenue, expansion of its Peace Pipeline system and an increase to its monthly dividend.
Eight of Canada's 10 main index sectors were higher. Among stocks, Enbridge Inc on Thursday agreed to pay $1.86 million in penalties for an alleged failure in inspecting certain lines within its Lakehead pipeline system. Shares of the pipeline operator gained 1.6 percent.
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