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CANADA STOCKS-Toronto stocks climb on gold lift, Poloz comments

Published 2018-03-13, 11:22 a/m
© Reuters.  CANADA STOCKS-Toronto stocks climb on gold lift, Poloz comments
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NEW YORK, March 13 (Reuters) - Canada's main stock index rose on Tuesday as gold producers advanced and comments from Bank of Canada Governor Stephen Poloz that indicated the central bank will remain cautious in policy decisions.

* At 11:17AM ET (15:17 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 60.97 points, or 0.39 percent, to 15,665.76.

* The head of the Bank of Canada said there remains a degree of untapped potential in the Canadian economy, particularly in the labor market, that means the country may be able to generate more growth without higher inflation. The gold subsector rose 0.65 percent as pot gold XAU= percent to $1,322.36 an ounce following the ouster of U.S. Secretary of State by President Donald Trump. Healthcare shares .GSPTTHC advanced 0.68 percent, lifted by a gain of more than 2 percent in Valeant Pharmaceuticals (NYSE:VRX) VRX.TO after pricing an upsized senior note offering of $1.5 billion.

* The TSX posted 4 new 52-week highs and one new low. Across all Canadian issues there were 54 new 52-week highs and 15 new lows.

* The largest percentage gainer on the TSX was Lucara Diamond LUC.TO , which rose 4.2 percent, while the largest decliner was Secure Energy SES.TO , down 2.9 percent.

* Among the most active Canadian stocks by volume were Aurora Cannabis ACB.TO , down 0.8 percent to $11.56 and UrtheCast Corp UR.TO , down 4.5 percent to $0.43

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