💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

CANADA STOCKS-TSX's gold miners, banks help index gain

Published 2016-07-26, 10:18 a/m
© Reuters.  CANADA STOCKS-TSX's gold miners, banks help index gain

(Adds details from early trade, updates prices)

* TSX up 35.71 points, or 0.25 percent, at 14,533.81

* Six of the TSX's 10 main groups were higher

TORONTO, July 26 (Reuters) - Canada's main stock index made gains on Tuesday, helped by rising gold miners and other materials stocks as well as financials, while worries about oversupply of oil weighed on some energy names.

At 10:01 a.m. (1401 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 35.71 points, or 0.25 percent, at 14,533.81.

Six of the index's 10 main groups were in positive territory, with three gainers for every two declining stocks.

The country's biggest banks were among the index's most influential gainers, with Royal Bank of Canada RY.TO up 0.6 percent at C$80.32 and Bank of Nova Scotia BNS.TO adding 0.5 percent to C$66.11.

Element Financial Corp EFN.TO fell 4.8 percent to C$13.95 after deciding to split into two companies. materials group, which includes precious and base metals miners and fertilizer companies, added 1.1 percent.

Barrick Gold Corp ABX.TO rose 2.1 percent to C$26.75 and Goldcorp Inc advanced 1.3 percent to C$24.12, while Potash Corp POT.TO gained 1.2 percent to C$22.60.

Gold rose as the U.S. dollar slipped ahead of a two-day Federal Reserve policy meeting, which will be closely watched for clues on the outlook for U.S. interest rates. GOL/

WestJet Airlines Ltd WJA.TO rose 0.8 percent to C$23.11 after reporting higher-than-expected quarterly revenue and profit on more passenger traffic and lower fuel costs. National Railway Co CNR.TO advanced 0.5 percent to C$84.41 after reporting better-than-expected second-quarter earnings after the bell on Monday. company said none of the older tank cars the Canadian government said it would take out of crude-by-rail service earlier than originally planned were currently carrying crude on CN Rail's network. most influential weights on the index included pipeline company Enbridge Inc ENB.TO , which fell 0.4 percent to C$51.92, while the overall energy group was able to notch a slight gain despite concerns that a long-awaited rebalancing of the market would be delayed due to excess supply. O/R

Online bingo operator Intertain Group Ltd IT.TO declined 7.7 percent to C$10.39 after saying it plans to list on the London Stock Exchange as it pursues a UK-focused strategy.

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.