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Markets

TSX see-saws; strong energy offsets mining weakness

Published February 20, 2018 Updated February 20, 2018 03:26pm

TORONTO: Canada's main stock index see-sawed on Tuesday, with strength in the heavyweight energy sector offseting weakness among mining stocks.

At 9:48AM EST (1448 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 6.89 points, or 0.04 percent, to 15,459.53.

The energy group climbed 0.4 percent, with Crew Energy Inc and Birchcliff Energy both rising 3 percent.

The largest percentage gainer on the TSX was Capital Power Corp, which rose 4.8 percent, while the largest decliner was Uni-Select Inc, down 14.7 percent.

Among the most active Canadian stocks by volume were Aurora Cannabis, up 2.1 percent to $10.34; Bombardier B , unchanged at $3.73 and Canopy Growth Co, up 3.8 percent to $27.51.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 0.6 percent.

Gold futures fell 1.2 percent to $1,337.2 an ounce.

Copper prices declined 0.2 percent to $7,104 a tonne.

The TSX posted three new 52-week highs and three new lows.

Canadian wholesale trade fell 0.5 percent due to lower sales in the personal and household goods sector, Statistics Canada said. Analysts surveyed by Reuters had forecast a 0.4 percent increase.

 

 

Copyright Reuters, 2018
 

 

 

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