TSX gains on energy boost, upbeat economic data
- The energy sector climbed 0.8% as US crude prices were up 0.2% a barrel, while Brent crude was unchanged.
- Toronto Stock Exchange's S&P/TSX composite index was up 39.12 points, or 0.2%, at 20,088.59.
Canada's main stock index rose on Friday, as energy stocks gained on higher crude prices and upbeat economic data bolstered optimism over an economic rebound.
The energy sector climbed 0.8% as US crude prices were up 0.2% a barrel, while Brent crude was unchanged.
At 09:36 a.m. ET (13:36 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 39.12 points, or 0.2%, at 20,088.59.
Statistics Canada said the country's industries ran at 81.7% of capacity in the first quarter of 2021, up from a upwardly revised 79.7% in the fourth quarter of 2020, while the nation's net worth jumped by a record 7.7% in the first quarter to C$15.0 trillion ($12.40 trillion).
The financials sector gained 0.1%. The industrials sector rose 0.4%.
The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2% as gold futures fell 0.5% to $1,885.4 an ounce
On the TSX, 114 issues were higher, while 102 issues declined for a 1.12-to-1 ratio favouring gainers, with 9.72 million shares traded.
The largest percentage gainers on the TSX were miners Hudbay Minerals Inc, up 3.8%, and First Quantum Minerals Ltd, up 3.7%.
Enghouse Systems Limited fell 7.6%, the most on the TSX, after the software provider missed second-quarter estimates and the second biggest decliner was real estate investment trust NorthWest Healthcare Properties, down 1.3%.
The most heavily traded shares by volume were those of Hut 8 Mining Corp, Canadian Natural Resources Limited , and NorthWest Healthcare Properties.
The TSX posted 16 new 52-week highs and one new low.
Across all Canadian issues there were 76 new 52-week highs and 2 new lows, with total volume of 22.41 million shares.
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