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CANADA STOCKS-TSX pushed higher by materials, healthcare stocks

Published 2018-09-19, 10:24 a/m
Updated 2018-09-19, 10:30 a/m
© Reuters.  CANADA STOCKS-TSX pushed higher by materials, healthcare stocks

© Reuters. CANADA STOCKS-TSX pushed higher by materials, healthcare stocks

Sept 19 (Reuters) - Canada's main stock index gained ground on Wednesday as the materials group got a boost from higher gold prices and as the healthcare sector rose, led by cannabis producers.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.7 percent.

* Gold prices rose as the dollar weakened, indicating investors are starting to worry about the impact of the U.S.-China trade war on the U.S. economy, luring some buyers back into gold investments. GOL/

* The largest percentage gainers on the TSX were Aurora Cannabis ACB.TO , which jumped 8.8 percent followed by Canopy Growth Co WEED.TO , which rose 6.2 percent.

* At 10:07 a.m. ET (14:07 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 29.42 points, or 0.18 percent, at 16,225.46.

* Still, seven of the index's 11 major sectors were lower, led by the industrial sector's .GSPTTIN 1.5 percent fall.

* Shares of Canadian National Resources CNQ.TO , Canadian Pacific Railway CP.TO and SNC-Lavalin SNC.TO fell between 0.87 percent and 1.12 percent.

* Business and political leaders are increasing the pressure on Canadian Prime Minister Justin Trudeau to agree on a deal to renew NAFTA and drop his insistence that no deal is better than a bad deal. Foreign Minister Chrystia Freeland will hold fresh talks on the North American Free Trade Agreement with U.S. Trade Representative Robert Lighthizer in Washington on Wednesday as a U.S.-imposed deadline of Oct. 1 looms. On the TSX, 122 issues were higher, while 116 issues declined for a 1.05-to-1 ratio favouring gainers, with 44.09 million shares traded.

* Canfor Corp CFP.TO fell 5.5 percent, the most on the TSX, and the second biggest decliner was Interfor Corp IFP.TO , down 5.3 percent.

* The most heavily traded shares by volume were Aurora Cannabis ACB.TO , RNC Minerals RNX.TO and Hexo Corp HEXO.TO .

* The TSX posted two new 52-week highs and two new lows.

* Across all Canadian issues there were 11 new 52-week highs and 18 new lows, with total volume of 73.80 million shares.

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