Canadian stock market edges up as energy gains momentum

Canada's main stock market in Toronto extended a slight gain on Wednesday as the energy sector resumed steam following a big slump in the last session.

Toronto Stock Exchange's benchmark S&P/TSX Composite Index added 38.98 points, or 0.26 percent, to 15,151.50 points.

The index was little changed in the midday trading as investors eyed on Greece's debt deal talks. Finance ministers from the euro zone were holding a conference to discuss the potential program for its national debt.

The energy sector rebounded 0.34 percent, following a loss of 2. 47 percent on Tuesday. Canadian Oil Sands Ltd. rose 3.79 percent to 11.50 Canadian dollars (about 9.1 U.S. dollars), and Canada's biggest oil and gas company Suncor Energy Inc. inched up 0.18 percent to 38.49 Canadian dollars per share.

Financials, the most weighed sector in TSX, gained 0.38 percent as bank shares rallied. Canada's second biggest bank Toronto- Dominion increased 0.81 percent to 55 Canadian dollars, and Bank of Nova Scotia moved up 0.56 percent to 65.87 Canadian dollars.

Telecom was the biggest gainer by 1.33 percent after Manitoba Telecom Services Inc. advanced 1.72 percent to 24.25 Canadian dollars.

The mining and the industrial sectors were down 0.3 percent and 0.16 percent respectively.

In corporate news, Air Canada, the biggest airline in the country, tumbled 9.74 percent to 11.96 Canadian dollars per share, despite reporting a record high of annual profit to 531 million Canadian dollars.

On the currency front, the Canadian dollar on Tuesday closed lower to 0.7911 U.S. dollar from 0.7953 U.S. dollar. Endite