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CANADA STOCKS-Energy stocks push TSX higher

Published 2019-02-26, 10:06 a/m
© Reuters.  CANADA STOCKS-Energy stocks push TSX higher
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Feb 26 (Reuters) - Canada's main stock index rose on Tuesday, lifted by energy shares that were supported by oil prices recovering from their biggest tumble of the year.

* At 9:37 a.m. ET (1437 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 29.56 points, or 0.18 percent, at 16,086.59.

* Among the 11 major sectors, the energy index .SPTTEN was the biggest gainer, rising 0.9 percent. Crescent Point Energy Corp CPG.TO and Baytex Energy Corp BTE.TO were top advancers on the index.

* Oil prices retraced some losses from Monday after Saudi Arabia and the rest of OPEC were expected to stick to their production cuts, despite renewed pressure from U.S. President Donald Trump. O/R

* U.S. crude CLc1 prices were up 0.3 percent a barrel, while Brent crude LCOc1 added 0.6 percent. O/R

* The financials sector .SPTTFS slipped 0.1 percent. Industrials .GSPTTIN rose 0.3 percent.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.1 percent.

* On the TSX, 152 issues were higher, while 79 issues declined for a 1.92-to-1 ratio favouring gainers, with 13.98 million shares traded.

* The largest percentage gainer on the TSX was Thomson Reuters TRI.TO , which reported a 9 percent rise in quarterly revenue. The Second-biggest advancer was Aphria Inc APHA.TO , which rose 3.1 percent after announcing a deal with Manna Molecular Science to make cannabis transdermal patches.

* Husky Energy Inc HSE.TO fell 3.5 percent, the most on the TSX, after the oil and gas producer said its 2019 production could be lower than it had previously expected.

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* The second-biggest decliner was Bank of Nova Scotia BNS.TO , down 2.5 percent, after Canada's third-biggest lender missed quarterly profit estimates.

* The most heavily traded shares by volume were Aurora Cannabis Inc ACB.TO , Nemaska Lithium Inc NMX.TO and Royal Nickel RNX.TO .

* The TSX posted three new 52-week highs and no new low.

* Across all Canadian issues, there were 26 new 52-week highs and two new lows, with total volume of 27.58 million shares.

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