🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

CANADA STOCKS-TSX rises 1 pct as resource, industrial stocks jump

Published 2015-10-28, 10:26 a/m
© Reuters.  CANADA STOCKS-TSX rises 1 pct as resource, industrial stocks jump
LCO
-
CL
-
GOLD
-
GSPTSE
-
ATDb
-
PRMW
-
CNQ
-
CNI
-

* TSX up 138.91 points, or 1.01 percent, to 13,838.91
* Eight of the TSX's 10 main groups rise

TORONTO, Oct 28 (Reuters) - Canada's main stock index jumped
1 percent on Wednesday, led by energy companies, gold miners and
railway stocks, while consumer names weighed.
Among major stock index movers were Canadian National
Railway CNR.TO , which rose 3.9 percent to C$82.57 as higher
freight rates helped it report a lift in revenue despite lower
volumes.
Barrick Gold Corp ABX.TO advanced 4.7 percent to C$10.49,
as the price of bullion pushed above $1,170 an ounce ahead of a
U.S. Federal Reserve rate policy decision.
The overall materials group, which includes miners, climbed
2.1 percent, while industrial stocks were up 1.9 percent.
At 10:12 a.m. ET (1412 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 138.91 points, or 1.01
percent, to 13,838.91.
Advancers outnumbered decliners by 197 to 40, for a 4.9-to-1
ratio on the upside.
On the negative side, convenience store chain Alimentation
Couche-Tard ATDb.TO slipped 2.3 percent to C$57.47 and Cott
Corp BCB.TO fell 8.9 percent to C$13.83 after the beverage
company's earnings missed expectations.
The consumer staples group was down 1.1 percent, and
discretionary names also slipped.
The energy group see-sawed in early trade and was last up 2
percent, with Canadian Natural Resources CNQ.TO up 2.5 percent
at C$30.31.
U.S. crude CLc1 prices were up 1.1 percent to $43.68 a
barrel, while Brent LCOc1 added 1.1 percent to $47.30.
Investors await the U.S. Federal Reserve monetary policy
announcement later in the session. While the central bank is not
expected to raise rates at the meeting, traders will parse the
statement for clues on when it will pull the trigger.

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.