Canadian Stocks Rebound Along With Oil Prices -- Canadian Commentary

(RTTNews) - Canadian stocks rallied Thursday, following oil prices and Wall Street higher in trimming mid-week losses.

Disappointing U.S. economic data boosted optimism the Federal Reserve will keep interest rates on hold until at least December, after the presidential election.

The S&P/TSX Composite Index was up 139 points at 14,504 at last check, powered by gains across most sectors.

Energy stocks performed well as crude oil snapped back near $44 a barrel.

TD Bank (TD.TO) has sold its home improvement financing business to Financeit and Concentra. Shares were up 1 percent.

Fairfax Financial and CI Investments have agreed to buy retailer Golf Town from the chain's U.S. parent, which is seeking protection from its creditors.