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CANADA STOCKS-TSX gains on rise in energy shares, strong jobs report

Published 2018-12-07, 10:19 a/m
© Reuters.  CANADA STOCKS-TSX gains on rise in energy shares, strong jobs report
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Dec 7(Reuters) - Canada's main stock index rose on Friday due to a rally in oil prices and a robust domestic jobs data, which eased worries over a recent economic slowdown.

* Canada added a record number of jobs in November and the unemployment rate dipped to an all-time low, a performance that analysts said should help ease the Bank of Canada's worries about a recent economic slowdown. At 9:37 a.m. ET (14:37 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 75.96 points, or 0.51 percent, at 15,012.96.

* The energy sector's .SPTTEN 3.1 percent surge was leading gains among 11 major sectors as oil prices got a boost from OPEC's agreement to reduce output.

* U.S. crude CLc1 prices were up 4.1 percent per barrel, while Brent crude LCOc1 added 4.6 percent. O/R

* The financials sector .SPTTFS gained 0.3 percent, while the industrials sector .GSPTTIN rose 0.3 percent.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.2 percent. Gold futures GCc1 rose 0.4 percent to $1,242.7. GOL/ MET/L

* Among notable movers, shares of Cronos Group Inc CRON.TO surged 24 percent on Marlboro cigarette maker Altria Group (NYSE:MO) Inc's MO.N move to invest $1.8 billion in the cannabis producer. On the TSX, 169 issues were higher, while 62 issues declined for a 2.73-to-1 ratio favouring gainers, with traded volume touching 19.55 million shares.

* The largest percentage gainers on the TSX were Tamarack Valley Energy TVE.TO , which rose 7.7 percent and Crescent Point Energy Corp CPG.TO , which gained 7.7 percent.

* WestJet Airlines Ltd WJA.TO fell 2.2 percent, the most on the TSX. The second biggest decliner was Detour Gold Corp DGC.TO , down 1.7 percent.

* The most heavily traded shares by volume were Aphria Inc <APHA.TO, Aurora Cannabis ACB.TO , and Cronos Group Inc CRON.TO .

* The TSX posted one new 52-week high and no new lows.

* Across all Canadian issues, there were no new 52-week highs and four new lows, with total volume touching 31.14 million shares.

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