CANADA STOCKS-TSX rallies ahead of rate decision

* TSX up 134.66 points, or 0.89 percent, to 15,283.8

* All 10 of the TSX’s main groups were higher

* Energy stocks up 1.7 pct

* Home Capital Group up 2.2 pct at C$14.91 after it appoints
new CEO

TORONTO, July 12 (Reuters) – Canada’s main stock index
rallied on Wednesday as investors await a highly anticipated
interest rate decision by the Bank of Canada, with energy
stocks, bolstered by higher oil prices, and materials, leading
the surge.

The median consensus, according to analysts polled by
Reuters on Tuesday, showed the central bank will increase rates
by 25 basis points to 0.75 percent, the first hike in nearly
seven years.

The decision is due at 10:00 a.m. ET

Energy stocks climbed 1.7 percent, as oil prices rose on the
back of data that showed a fall in U.S. fuel inventories and a
cut in the U.S. government’s forecast for crude output. U.S.
crude prices were up 2.1 percent to $45.99 a barrel.

At 9:49 a.m. ET (1349 GMT), the Toronto Stock Exchange’s
S&P/TSX composite index rose 134.66 points, or 0.89
percent, to 15,283.8.

All 10 of the index’s key sectors were in positive
territory.

The heavily-weighted financials group gained 0.7 percent.

Home Capital Group shares climbed 2.2 percent to
C$14.91 after the lender appointed Yousry Bissada as its chief
executive.
(Reporting by Solarina Ho; Editing by Chizu Nomiyama)

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