June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

CANADA STOCKS-TSX bounces back from two-day post-Brexit slide

Published 2016-06-28, 10:11 a/m
© Reuters.  CANADA STOCKS-TSX bounces back from two-day post-Brexit slide
GOLD
-
GSPTSE
-
BBDb
-
CUS
-
SPB
-
TD
-
SU
-
GG
-

(Adds details from early trade, updates prices)
* TSX up 156.61 points, or 1.14 percent, at 13,846.40
* Nine of the TSX's 10 main groups move higher

TORONTO, June 28 (Reuters) - Canada's main stock index rose
on Tuesday, paring some of the losses inflicted in the prior two
sessions after Britain's shock vote to leave the European Union.
Banks and energy companies, both of which had fallen heavily
since Thursday's vote, were leading the rebound in early trade,
as investors sought bargains amid the uncertainty created by the
so-called Brexit.
The most influential movers on the index included
Toronto-Dominion Bank TD.TO , which rose 1.6 percent to
C$55.39, and Suncor Energy Inc SU.TO , which advanced 2.2
percent to C$35.09.
The energy group climbed 2.8 percent as crude prices gained.
The financials group gained 1.4 percent.
Gold miners, which had helped limit the TSX's overall losses
with strong gains on Friday and Monday, were among the heaviest
weights, with Barrick Gold Corp ABX.TO down 2.1 percent to
C$27.02 and Goldcorp Inc G.TO slipped 1.4 percent to C$23.72.
The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE was up 156.61 points, or 1.14 percent, at 13,846.40.
Advancers outnumbered decliners by more than 6-to-1.
Nine of the index's 10 main groups were in positive
territory. The materials group, which includes precious and base
metals miners and fertilizer companies, lost 0.5 percent.
Plane maker Bombardier Inc BBDb.TO gained 3.9 percent to
$1.88 after Air Canada said it had finalized a deal to buy 45 of
its CSeries jets with an option to purchase another 30.

Industrials rose 1.8 percent.
Shares in Canexus Corp CUS.TO declined 0.8 percent to
$1.29. The chemical company said Canada's antitrust regulator
had approved its proposed buyout by rival Superior Plus Corp
SPB.TO .
That approval came a day after U.S. antitrust regulators
filed a complaint to block the deal, saying the companies were
two of the three manufacturers of a chemical needed to whiten
wood pulp for paper production.
Shares in Superior advanced 2.3 percent to $10.42.

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.