TSX rises on Fed remarks, posts ninth month of gains

By John Tilak TORONTO (Reuters) – Canada's main stock index gained on Monday after the U.S. Federal Reserve's assurance of continued support for the economy lifted sentiment and helped drive up shares of financial and energy companies. Fed Chair Janet Yellen said measures by the central bank to boost the U.S. economy will be necessary for some time to come. The Toronto stock market's benchmark index recorded its ninth straight monthly gain. "It speaks to the fact that the TSX has come back in favor this quarter," said Elvis Picardo, a strategist at Global Securities in Vancouver.