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TORONTO: Canada's main stock index rose in morning trade on Tuesday, boosted by gains among its biggest banks and other financial stocks, while Great Canadian Gaming Corp surged after it won a contract to operate facilities in the Toronto region.

At 9:57 a.m. ET (1457 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 52.68 points, or 0.33 percent, to 16,184.32.

All 10 main groups were higher, with the index hovering just below the all-time high it hit in the prior session.

The energy group climbed 0.6 percent as oil prices pushed higher, while the financials group gained 0.5 percent and industrials rose 0.4 percent.

Royal Bank of Canada added 0.8 percent to C$103.18 and Canadian Imperial Bank of Commerce rose 1.2 percent to C$121.82.

Great Canadian Gaming jumped 14.1 percent to C$34.10 after it and Clairvest Group Inc said they had won a contract to operate gaming venues in the Toronto area.

The materials group, which includes precious and base metals miners and fertilizer companies, added 0.5 percent.

Sandstorm Gold Ltd rose 2.2 percent to C$6.08 after agreeing to buy a royalty stake in a mine in Burkina Faso.

 

Copyright Reuters, 2017
 

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