Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

CANADA STOCKS-TSX little changed as gold miners offset energy bounce

Published 2017-04-19, 11:33 a/m
© Reuters.  CANADA STOCKS-TSX little changed as gold miners offset energy bounce
XAU/USD
-
CVX
-
GC
-
RCI
-
GOLD
-
GSPTSE
-
CNQ
-
PKI
-
SU
-
CNI
-

* TSX down 1.88 points, or 0.01 percent, to 15,620.69

* Four of the TSX's 10 main groups decline

TORONTO, April 19 (Reuters) - Canada's main stock index was flat on Wednesday as a modest bounce in energy stocks and a gain in Rogers Communication shares were weighed down by gold miners.

At 11:11 a.m. EDT (1511 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was little changed, edging 1.88 points lower, to 15,620.69, reversing gains earlier in the morning session. Of the index's 10 main groups, four were in the red.

Canadian Natural Resources Ltd CNQ.TO was among the most influential gainer, rising 1.2 percent to C$44.72, as was Suncor Energy Inc SU.TO , which advanced 0.5 percent to C$41.19.

Parkland Fuel Co PKI.TO also helped the overall energy group, jumping 6.6 percent to C$30.67 following news that it bought Chevron (NYSE:CVX) Corp's CVX.N Canadian gasoline stations and British Columbia refinery for C$1.46 billion ($1.09 billion). stocks climbed 0.3 percent after slipping 0.9 percent in the previous session.

Offsetting the advances was a 0.9 percent decline by the materials group, home to precious and base metals miners and fertilizer companies.

Barrick Gold Corp ABX.TO was the biggest drag on the index, falling 1.6 percent to C$25.94. Shanghai-listed Shandong Tyan Home 600807.SS said on Wednesday its negotiations with Barrick to buy a 50-percent stake of the Canadian operator's Kalgoorlie mine have ended without a deal. gold miners also slipped, tracking gold prices, which edged lower on a stronger U.S. dollar. Gold futures GCc1 fell 0.8 percent to $1,281.4 an ounce. GOL/

The financials group, which make up about a third of the index's weight, gained 0.2 percent. Industrials, home to railway companies, rose 0.2 percent, with Canadian National Railway Co CNR.TO rising 0.6 percent to C$98.98.

Rogers Communication Inc RCIb.TO rose 1.1 percent to C$62.08 after the country's largest wireless company by market share reported a sharp rise in first-quarter profit and higher revenue after markets closed on Tuesday. issues were almost even with advancing ones on the TSX, with 124 decliners versus 122 gainers.

The index was posting 14 new 52-week highs and no new lows.

($1 = 1.3445 Canadian dollars)

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.