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 rises as oil jump boosts energy shares

Published 2016-03-30, 10:46 a/m
© Reuters.  CANADA STOCKS-TSX rises as oil jump boosts energy shares
LCO
-
CL
-
GOLD
-
AEM
-
GSPTSE
-
CNQ
-
DOL
-
ENB
-

(Adds details of trading, updates prices)
* TSX up 106.67 points, or 0.79 percent, at 13,532.90
* Nine of the index's 10 main groups rise

TORONTO, March 30 (Reuters) - Canada's main stock index rose
on Wednesday as energy stocks bounced with higher oil prices and
equity investors broadly cheered a more cautious tone on U.S.
interest rate hikes from the Federal Reserve.
Among the most influential movers on the index were pipeline
operator Enbridge Inc ENB.TO , which rose 2.2 percent to
C$50.19, and oil and gas producer Canadian Natural Resources
CNQ.TO , which advanced 1.1 percent to C$35.28.
The overall energy group climbed 1.5 percent, as the price
of oil LCOc1 CLc1 jumped in tandem with Wall Street and in
reaction to a weaker dollar. O/R
Gold miners meanwhile lost ground as the precious metal
failed to retain its lustre a day after rallying on Fed Chair
Janet Yellen's signal that rates will likely rise only
gradually. GOL/
Barrick Gold Corp ABX.TO declined 2.3 percent to C$17.94
and Agnico Eagle Mines Ltd AEM.TO declined 1.9 percent to
C$47.82.
The metal remains on track for its best quarter in nearly 30
years, up 16.4 percent. GOL/
At 10:30 a.m. EDT (1430 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 106.67 points, or 0.79
percent, at 13,532.90.
Nine of the index's 10 main groups were in positive
territory, with three advancers for every decliner.
The materials group, which includes precious and base metals
miners and fertilizer companies, lost 0.5 percent.
Discount retailer Dollarama DOL.TO advanced 6.7 percent to
C$88.32 after reporting a 25 percent jump in profit and hiking
its dividend.
The financials group gained 0.6 percent while industrials
rose 0.7 percent.

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.