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CANADA STOCKS-TSX gains on strong retail sales data

Published 2020-09-18, 10:28 a/m
Updated 2020-09-18, 10:30 a/m
© Reuters.

(Updates prices, adds details on sectors)

Sept 18 (Reuters) - Canada's main stock index edged up on Friday after data showed a rise in retail sales and an uptick in house prices, but a fall in shares of oil producers capped gains.

* The energy sector .SPTTEN dropped 1.5% as crude prices fell after Libyan commander Khalifa Haftar said a blockade on Libyan oil exports would be lifted for one month. O/R

* Husky Energy HSE.TO fell 2.8%, the most on the TSX, while Seven Generations Energy VII.TO followed closely behind with a 2.1% fall.

* At 9:54 a.m. ET (1354 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 14.32 points, or 0.09%, at 16,261.04.

* Canadian home prices rose in August, with the pace of the advance just shy of the average gain for the month as the housing market showed signs of picking up. Retail sales in July rose by 0.6% and are now higher than they were before the COVID-19 pandemic struck, Statistics Canada said, adding August sales probably gained 1.1% on the month. The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.2% as gold futures GCc1 rose 0.5% to $1,950.2 an ounce. GOL/ MET/L

* The largest percentage gainers on the TSX were Winpak WPK.TO , which jumped 7%, and Kinross Gold Corp K.TO , which rose 4.1% after its board approved a quarterly dividend of 3 cents per share.

* On the TSX, 95 issues were higher, while 123 issues declined for a 1.29-to-1 ratio to the downside, with 85.55 million shares traded.

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* The most heavily traded shares by volume were Enbridge Inc ENB.TO , Kinross Gold Corp and Barrick Gold Corp ABX.TO .

* The TSX posted no new 52-week high or low.

* Across all Canadian issues there were 21 new 52-week highs and two new lows, with total volume of 106.73 million shares.

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