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Toronto shares gain as oil offsets inflation surge to 18-year high

Kitco News

Sept 15 (Reuters) - Canada’s main stock index rose on Wednesday as a jump in oil prices lifted energy stocks and helped offset the impact from data showing a jump in the country’s annual inflation rate to an 18-year high.

At 9:33 a.m. ET (1333 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 51.7 points, or 0.25%, at 20,604.95, with the energy sector climbing 2.3%.

The industrials sector was also among the biggest gainers, boosted by a 4.8% jump for Canadian National Railway Co after it scrapped its $29.6 billion offer for U.S.-based Kansas City Southern. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur)

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