Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

CANADA STOCKS-TSX Makes small gains as materials rebound

Published 2016-11-24, 11:12 a/m
Updated 2016-11-24, 11:20 a/m
© Reuters.  CANADA STOCKS-TSX Makes small gains as materials rebound

© Reuters. CANADA STOCKS-TSX Makes small gains as materials rebound

(Adds details on specific stocks, updates prices)

* TSX rises 36.05 points, or 0.24 percent, to 15,116.96

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

TORONTO, Nov 24 (Reuters) - Canada's main stock index made small but broad gains on Thursday, with materials stocks partially recovering from sharp losses in the previous session.

All 10 of the index's main groups were in positive territory, although only the small healthcare sector notched a gain of more than 1 percent, helped by Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO advancing 2 percent to C$23.30.

The most influential movers included First Quantum Minerals Ltd FM.TO , which advanced 3.8 percent to C$16.59, and Teck Resources Ltd TCKb.TO , up 1.6 percent at C$35.48.

Copper prices CMCU3 advanced 2.6 percent to $5,888 a tonne, helped by expectations of inflation in China and the United States, and signs of growing strength in the U.S. manufacturing sector. MET/L

The materials group, which includes precious and base metals miners and fertilizer companies, added 0.4 percent.

The group had weighed heavily on the index on Wednesday, with particularly sharp losses among gold miners.

At 10:41AM EDT (1541 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 36.05 points, or 0.24 percent, to 15,116.96.

The energy group climbed 0.2 percent, similar to the slight gain in oil prices. TransAlta TA.TO advanced 4.7 percent to C$6.08, while pipeline company Enbridge Inc ENB.TO slipped 0.6 percent to C$57.61.

Industrials rose 0.2 percent, with Canadian National Railway Co CNR.TO rose 0.6 percent to C$89.65,.

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.