CANADA STOCKS-TSX rises on gains in energy firms amid firm oil price
Published Feb 23, 2018 10:49
CANADA STOCKS-TSX rises on gains in energy firms amid firm oil price
TORONTO, Feb 23 (Reuters) - Canada's main stock index rose on Friday, helped by gains for energy companies as oil prices rose.
* At 10:27 a.m. EST (15:27 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 51.43 points, or 0.33 percent, to 15,559.6.
* The energy group gained 0.8 percent, with Pembina Pipeline Corp PPL.TO climbing 5.2 percent to C$43.10 after reporting quarterly earnings late on Thursday.
* U.S. crude CLc1 prices were up 0.8 percent at $63.25 a barrel.
* Royal Bank of Canada RY.TO , Canada's biggest lender by market value, reported earnings per share, excluding one-off items, of C$2.05 for the quarter through Jan. 31. Analysts had on average forecast earnings of C$1.99 per share. Its shares fell 0.4 percent
* The overall financials group, which accounts for more than one-third of the weight of the TSX, rose 0.3 percent.
* All of the TSX's 10 main groups were higher, while the index posted 6 new 52-week highs and 2 new lows.
* The largest percentage gainer on the TSX was Winpak Ltd WPK.TO , which rose 8.4 percent, while the largest decliner was Maxar Technologies Ltd MAXR.TO , down 9.7 percent, after it reported earnings after the bell on Thursday that missed estimates.
* Canada's annual inflation rate cooled in January from a year earlier as consumers paid less for gasoline and vehicles, but firmer underlying prices were seen keeping the Bank of Canada on track to raise interest rates again later this year.
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Written By: Reuters
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