🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

CANADA STOCKS-TSX up as resource stock gains offset pot pullback

Published 2018-01-11, 10:17 a/m
© Reuters.  CANADA STOCKS-TSX up as resource stock gains offset pot pullback
AUYN
-
CL
-
GSPTSE
-
AGI
-
CNQ
-
CVE
-
SJRb
-
WEED
-
APHA
-

* TSX up 40.46 points, or 0.25 percent, at 16,288.41

* Half of the TSX's 10 main groups move higher

TORONTO, Jan 11 (Reuters) - Canada's main stock index rose on Thursday as gains for energy companies, financial stocks and some miners offset a pullback in marijuana producers and a slip in Shaw Communications Inc SJRb.TO after its quarterly earnings disappointed.

* At 10:00 a.m. EST (1500 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 40.46 points, or 0.25 percent, at 16,288.41.

* Half of its 10 main sectors were in positive territory, while advancing issues barely outnumbered decliners overall.

* The energy group climbed 1.4 percent, as crude oil prices pushed higher, with Cenovus Energy Inc CVE.TO up 3.4 percent at C$13.55 and Canadian Natural Resources Ltd CNQ.TO rising 1.7 percent to C$46.56.

* The most influential weights on the index included Shaw Communications, which fell 1.7 percent to C$27.48 after reporting quarterly earnings that missed expectations. Marijuana producers, a volatile but broadly rising sector, also weighed, with Aphria Inc APH.TO down 5.0 percent at C$21.46 and Canopy Growth Corp WEED.TO off 3.9 percent at C$40.27.

* The materials group, which includes precious and base metals miners and fertilizer companies, added 0.2 percent.

* Alamos Gold Inc AGI.TO fell 3.9 percent to C$7.63 while Yamana Gold Inc YRI.TO rose 1.9 percent to C$4.08 after each miner provided a business update to investors.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.