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CANADA STOCKS-Gains in energy shares push TSX higher

Published 2019-01-04, 10:13 a/m
© Reuters.  CANADA STOCKS-Gains in energy shares push TSX higher
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Jan 4 (Reuters) - Canada's main stock index rose on Friday, helped by gains in key energy sector amid a robust 2.5 percent surge in crude oil prices.

* The energy sector .SPTTEN climbed 2 percent, the most among the 10 sectors trading higher. O/R

* The world's two biggest economies will hold vice ministerial level trade talks in Beijing on Jan. 7 and 8 to try and resolve their dispute with less than two months left for their tariff truce to end. The Sino-U.S. trade war, which has roiled global financial markets for the most part of last year, has played a major part in fueling fears of a global economic slowdown. At 9:46 a.m. ET (14:46 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 134.23 points, or 0.94 percent, at 14,346.98.

* On the macro front, Canada added 9,300 jobs in December on an increase in part-time hiring, slightly more than expected, while the unemployment rate remained at an all-time low, according to data released by Statistics Canada.

* The only sector in the red was the materials group .GSPTTMT , which shed 0.37 percent, as gold futures GCc1 fell 0.8 percent to $1,281.9 an ounce. GOL/

* Iamgold Corp IMG.TO dropped 4.8 percent, the most on the TSX, while the second biggest decliner was Eldorado Gold Corp ELD.TO , down 3.9 percent.

* On the TSX, 186 issues were higher, while 52 issues declined for a 3.58-to-1 ratio favouring gainers, with traded volume touching 21.28 million shares.

* The largest percentage gainers on the TSX were Hudson's Bay Co HBC.TO , which soared 10.1 percent and Canada Goose Holdings Inc GOOS.TO , which rose 6.9 percent.

* The most heavily traded shares by volume were ClearStream Energy Services Inc CSM.TO , First Mining Gold Corp FF.TO and Aurora Cannabis Inc ACB.TO .

* The TSX posted neither any new 52-week high nor any new low.

* Across all Canadian issues, there were one new 52-week high and 6 new lows, with total volumes touching 40.43 million shares.

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