Canada's main stock index inched higher on Thursday, but traded below the all-time high hit in the prior session, with railway stocks and some natural resource names rising while gold miners weighed. The Toronto Stock Exchange's S&P/TSX composite index rose 7.3 points, or 0.05 percent, to 16,143.89.
Six of its 10 main sectors were higher and advancers were slightly outnumbering decliners overall. The energy group slipped 0.1 percent, while Cenovus Energy Inc rose 0.8 percent to C$11.97 after the oil sands company said it will cut an extra 15 percent of its workforce as part of a cost-cutting drive.
Bombardier Inc lost 0.6 percent to C$3.11 after the plane and train maker forecast 2018 revenue well short of analysts' estimates. The largest percentage gainer on the TSX was Mitel Network Corp, which rose 10.8 percent to C$10.47 after an analyst upgraded the stock to a "buy", while the largest decliner was Valeant Pharmaceuticals International Inc, down 2.7 percent to C$27.55.
Published under arrangements with Reuters.
No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indirectly in any medium.
Business Recorder shall not be responsible or held liable for any error of fact, opinion or recommendation and also for any loss, financial or otherwise, resulting from business or trade or speculation conducted, or investments made, on the basis of the information posted here. Nor shall Business Recorder be held liable for any actions taken in consequence." >Copyright Reuters, 2017