TSX Rebounds Amid Talk Of Keystone Approval -- Canadian Commentary

(RTTNews) - Canadian stocks rallied Thursday, breaking out of recent doldrums amid word of a big breakthrough from the energy sector.

The Trump administration will approve the Keystone XL oil pipeline by Monday, Politico reports.

In the U.S, House Republican leaders delayed a planned Thursday night vote on the health care reform bill amid indications of a lack of support for the legislation.

Hoping to win support for the bill, President Donald Trump purportedly made a "final offer" to a group of conservative Republicans earlier in the day.

The S&P/TSX Composite Index rose 85 points to 15,433, rebounding from multi-month lows. Recent losses have seen the TSX wipe out all of their 2017 gains in a slide from February's record highs.

WTI light sweet crude oil was down 35 cents to $47.69 a barrel, stuck near its lowest levels since November.

Husky Energy (HSE.TO) admitted that about 25,000 liters of crude oil leaked from one of its pipelines in southwestern Alberta last week, according to the Canadian Press.

Paladin Energy (PDN.TO) plans to start arbitration proceedings against CNNC Overseas Uranium Holdings over Paladin's interest in the Langer Heinrich uranium project.

Loblaw's (L.TO) Shoppers Drug Mart has resolved a computer outage but some customers may experience delays.