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CANADA STOCKS-Toronto index steady; technology sector gains temper declines

Published 2018-02-28, 10:49 a/m
© Reuters.  CANADA STOCKS-Toronto index steady; technology sector gains temper declines

Feb 28 (Reuters) - Canada's main stock index was steady on Wednesday as gains in technology shares were offset by a drop in Valeant Pharmaceuticals (NYSE:VRX) VRX.TO after it gave a weaker-than-expected revenue forecast.

* At 10:21 a.m. ET (15:21 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was off 13.19 points, or 0.08 percent, at 15,657.96.

* Valeant VRX.TO VRX.N was the biggest drag on the index, down 10.9 percent at C$21.16 after the drugmaker gave a disappointing outlook for 2018 with several of its major drugs facing more competition from generics. Resource companies gave up early gains with the energy group .SPTTEN off 0.2 percent, including Suncor Energy SU.TO , which fell 0.2 percent to C$43.53.

* The technology sector .SPTTTK was up 0.6 percent, helping to temper declines. Among advancing shares, CGI Group GIBa.TO rose 0.7 percent to C$75.44, while Shopify Inc SHOP.TO rose 1.6 percent to C$178.9.

* The TSX posted five new 52-week highs and five new lows. Across all Canadian issues there were nine new 52-week highs and 11 new lows.

* Aurora Cannabis ACB.TO was among the most actively traded stocks by volume, gaining 5.1 percent to $10.39. Volume on the TSX index was 33.53 million shares.

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