TSX Rises, Trump Warns Drug Makers -- Canadian Commentary

(RTTNews) - Toronto's main index rose Wednesday despite a rough session for health care stocks, after U.S. president-elect Donald Trump said drug makers were "getting away with murder" for high prices.

Health care stocks were hammered on both sides of the border.

The S&P/TSX Composite Index was up 65 points, or 0.42 percent, to 15,491.54.

Health care stocks dropped 3 percent. Energy stocks also struggled despite rebounding oil prices.

U.S. oil inventories were up sharply last week, but OPEC said production was trimmed in December.

Financials performed well today, along with industrials, including Bombardier.

A consortium of Bombardier (BBD.B.TO) and Alstom has won a €1.16B contract to supply commuter trains for the Paris region. Bombardier shares rose 4 percent.

Corus (CJR.B.TO) reported a disappointing quarterly profit, but revenues were sharply higher due in part to its Shaw acquisition. Shares slipped 3 percent.