🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

CANADA STOCKS-TSX rises, but energy sector losses cut into broad advance

Published 2016-07-18, 10:50 a/m
© Reuters.  CANADA STOCKS-TSX rises, but energy sector losses cut into broad advance
NG
-
BHC
-
GSPTSE
-
CNQ
-
PJCa
-
TRP
-
SU
-
ENB
-
CNI
-
QSR
-

(Updates prices)

* TSX up 31.82 points, or 0.22 percent, to 14,514.24

* Nine of the TSX's 10 main groups gain

TORONTO, July 18 (Reuters) - Canada's main stock index rose on Monday as banks, some consumer stocks, industrials and materials gained, while energy shares weighed with lower oil prices.

The most influential movers on the index included Valeant Pharmaceutical International Inc VRX.TO , which jumped 5.3 percent to C$31.13 after a company it has a licensing agreement with reported positive results for a new drug. 10:20 a.m. EDT (1420 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 31.82 points, or 0.22 percent, to 14,514.24.

Nine of the index's 10 main groups were in positive territory, with the energy group retreating 0.6 percent.

Canadian Natural Resources CNQ.TO , the country's largest natural gas producer, declined 1.3 percent to C$40.81. operators fell, with TransCanada Corp TRP.TO down 0.6 percent to C$60.80. Enbridge Inc ENB.TO shed 0.4 percent to C$53.72, while Suncor Energy Inc SU.TO , the country's largest oil and gas producer, lost 0.5 percent to C$35.91.

Global oil prices fell some 2 percent as traders brushed off an attempted coup in Turkey to focus on bearish fundamentals. O/R

The consumer groups were higher, with discretionary gaining 1.1 percent and staples up 0.1 percent

Restaurant Brands International Inc QSR.TO , which owns Tim Hortons and Burger King, rose 2.9 percent to C$55.58.

Pharmacy chain Jean Coutu PJCa.TO declined 3.5 percent to C$19.10 after a class action lawsuit was filed against it by pharmacist-owners. stocks, a small group that Valeant dominates, gained 1.2 percent.

The heavyweight financials group gained 0.3 percent, while industrials rose 0.7 percent, led by Canadian National Railway Co's CNR.TO 0.9 percent advance to C$81.27.

The materials group, which includes precious and base metals miners and fertilizer companies, added 0.4 percent.

Advancing issues were outnumbering decliners by a 2-to-1 ratio.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.