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CANADA STOCKS-TSX at record high close as gold miners gain

Published 2017-12-13, 04:45 p/m
Updated 2017-12-13, 04:50 p/m
© Reuters.  CANADA STOCKS-TSX at record high close as gold miners gain

* TSX ends up 22.56 points, or 0.14 percent, at 16,136.59

* Half of TSX's 10 main groups move higher

* Advancers outnumber decliners by 1.5-to-1 ratio

By Alastair Sharp

TORONTO, Dec 13 (Reuters) - Canada's main stock index closed at a record high on Wednesday but well off its session highs, as sharp gains for gold miners were offset by losses among energy companies and a fall in grocery retailer Empire Company Ltd EMPa.TO .

* The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended up 22.56 points, or 0.14 percent, at 16,136.59.

* It had reached as high as 16,187.85 points but pared gains following news that the U.S. Federal Reserve had hiked rates but kept its 2018 rate outlook unchanged. Half of the TSX's 10 main groups moved higher, with advancers outnumbering decliners by a 1.5-to-1 ratio overall.

* The materials group, which includes precious and base metals miners and fertilizer companies, added 2.4 percent as gold miners jumped.

* Goldcorp G.TO rose 5.6 percent to C$15.98, Kinross Gold K.TO added 6.8 percent to C$5.21, and Barrick Gold ABX.TO was up 3.3 percent at C$18.13, as bullion bounced off five-month lows after the Fed news.

* The energy group retreated 1.5 percent, as oil prices fell with a larger-than-forecast rise in U.S. gasoline inventories and as U.S. crude output grew to record highs. O/R

* Empire Co EMPa.TO , the parent company of the Sobeys grocery chain, fell 6 percent to C$24.59 after reporting earnings and saying it would rebrand as string of stores in Western Canada to a discount brand as part of an ongoing restructuring.

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