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CANADA STOCKS-TSX slightly higher despite slip in energy stocks

Published 2015-11-26, 10:33 a/m
© Reuters.  CANADA STOCKS-TSX slightly higher despite slip in energy stocks
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* TSX up 10.77 points, or 0.08 percent, at 13,414.19
* Six of the TSX's 10 main groups rise

TORONTO, Nov 26 (Reuters) - Canada's main stock index edged
up on Thursday, helped by a gain in heavyweight pharmaceutical
company Valeant and rising material stocks, while energy names
slipped in line with a fall in crude oil prices.
At 10:09 a.m. EST (1509 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE rose 10.77 points, or 0.08
percent, to 13,414.19. Six of the index's 10 main groups were in
positive territory, with three gainers for every two decliners.
The most influential gainer on the index was Valeant
Pharmaceuticals International Inc VRX.TO , which rose 1.6
percent to C$117.16.
The overall healthcare group climbed 1.6 percent, while the
materials group, which includes mining firms, rose 0.6 percent.
First Quantum Minerals Ltd FM.TO surged 6.4 percent to
C$5.12, and fertilizer company Potash Corp POT.TO was up 0.6
percent to C$26.53.
Copper prices CMCU3 advanced 2.1 percent to $4,645 a
tonne. MET/L
On the negative side, a slip in crude oil prices weighed on
Canada's energy producers, with the overall group falling 0.3
percent.
Enbridge Inc ENB.TO fell 1.1 percent to C$47.58, and
Cenovus Energy Inc CVE.TO declined 1.0 percent to C$19.69.
U.S. crude CLc1 prices were down 0.7 percent to $42.75 a
barrel, while Brent LCOc1 lost 1.5 percent to $45.49. O/R

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