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(Adds details; updates prices) Jan 12 (Reuters) – Canada’s main stock index rose on Tuesday, helped by gains in energy stocks, as oil prices hit an 11-month high on tighter supply and hopes of a drop in U.S. stockpile. * The energy sector climbed 1% as U.S. crude prices were up 0.9% a barrel, while Brent crude added 1%. * At 9:38 a.m. ET (14:38 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 20.75 points, or 0.12%, at 17,955.2. * The largest percentage gainer on the TSX was fuel cell developer Ballard Power Systems Inc, which jumped 13.1% to its highest since 2002, after receiving a purchase order from UK-based Arcola Energy. * Its gains were followed by asset and wealth management company CI Financial Corp, which rose 5.9%. * The financials sector gained 0.3%, while the industrials sector fell 0.2%. * On the TSX, 115 issues rose, while 91 issues fell in a 1.26-to-1 ratio favoring gainers, with 14.93 million shares traded. * Ritchie Bros. Auctioneers Inc fell 5.2%, the most on the TSX, after brokerage Scotiabank downgraded its rating to “sector perform” from “sector outperform”. The second biggest decliner was pot producer Cronos Group Inc, […]
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