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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

TSX rallies for fifth session as oil surge fuels energy stocks

Reuters
A man walks past an old Toronto Stock Exchange (TSX) sign in Toronto, June 23, 2014. REUTERS/Mark Blinch (Reuters)

TORONTO (Reuters) - Canada's main stock index powered higher for the fifth straight session on Thursday, with oil and gas stocks leading the charge, fueled by a surge in crude prices. The Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> unofficially closed up 110.31 points, or 0.8 percent, at 13,978.66. Seven of the index's 10 main sectors rose, with energy up 3.4 percent. (Reporting by Solarina Ho; Editing by James Dalgleish)