Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

CANADA STOCKS-TSX rises to 11-month high led by financials and energy

Published 2016-07-14, 10:59 a/m
© Reuters.  CANADA STOCKS-TSX rises to 11-month high led by financials and energy
JPM
-
CL
-
GOLD
-
GSPTSE
-
MFC
-
RY
-

(Adds details throughout on stocks and sectors, updates prices)

* TSX up 62.76 points, or 0.43 percent, to 14,556.56

* Index touches its highest since Aug. 5 at 14,558.12.

* Eight of the TSX's 10 main groups rise

TORONTO, July 14 (Reuters) - Canada's main stock index rose to a fresh 11-month high on Thursday led by financial and energy stocks as oil rose and after a major U.S. bank reported second-quarter profit that beat estimates.

The most influential movers on the index included Royal Bank of Canada RY.TO , which rose 1.0 percent to C$80.06, and Manulife Financial Corp MFC.TO , which advanced 1.8 percent to C$17.83.

The overall financial sector group rose 0.7 percent.

JPMorgan Chase & Co (NYSE:JPM) JPM.N , the biggest U.S. bank by assets, reported a marginally lower second-quarter profit but still beat subdued analyst expectations. energy group rose 0.6 percent, helped by a recovery in oil prices after sharp losses the previous day.

U.S. crude CLc1 prices were up 1.3 percent to $45.33 a barrel.

Industrial stocks advanced 0.6 percent, led by gains for railway stocks.

At 10:46 a.m. EDT (1446 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 62.76 points, or 0.43 percent, to 14,556.56. It touched its highest since August 5 at 14,558.12.

Eight of the index's 10 main groups were in positive territory.

The materials group, which includes precious and base metals miners and fertilizer companies, was one of the sectors to decline. It lost 0.3 percent.

Gold fell 1.5 percent after the Bank of England surprised investors by leaving interest rates unchanged. GOL/

Barrick Gold Corp ABX.TO fell 0.8 percent to C$27.14.

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.