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CANADA STOCKS-TSX edges higher as gains in financials limit tech decline

Published 2018-07-27, 10:39 a/m
© Reuters.  CANADA STOCKS-TSX edges higher as gains in financials limit tech decline
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July 27 (Reuters) - Canada's main stock index was slightly higher on Friday, as financial stocks helped offset losses in technology stocks.

* At 9:56 a.m. ET (1356 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 15.65 points, or 0.1 percent, at 16,471.38.

* Seven of the index's 11 major sectors were higher, led by a 0.3 percent gain in the financial sector .SPTTFS .

* Financials were boosted by an about 0.4 percent rise in shares of Toronto-Dominion Bank TD.TO and Brookfield Asset Management BAMa.TO and a 0.2 percent rise in Royal Bank of Canada RY.TO .

* The Canadian dollar was little changed against its U.S. counterpart as the loonie held on to this week's gains even after data showed the U.S. economy expanded at its fastest clip in nearly four years. Shares of Constellation Software CSU.TO fell nearly 6 percent after the company missed quarterly profit estimates. The stock was the top laggard on the TSX and the biggest drag on the information technology sector .SPTTTK , which slid 1.6 percent.

* Mexican Economy Secretary Ildefonso Guajardo said on Thursday Mexico and the United States agreed to step up talks on updating the NAFTA trade deal in hopes of reaching an agreement on major issues by August. Trade tensions between the United States and the European Union subsided as Europe expressed relief on Thursday after U.S. President Donald Trump and the European Commission chief agreed to tackle their trade row. On the TSX, 111 issues were higher, while 114 issues declined for a 1.03-to-1 ratio to the downside, with 8.16 million shares traded.

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* Top percentage gainers on the TSX were TFI International Inc TFII.TO and Aecon Group ARE.TO . TFI jumped 12.3 percent and Aecon rose 5.6 percent after reporting higher quarterly results.

* The second-biggest decliner was Cameco Corp CCO.TO , down 3.3 percent, after a stock downgrade following results earlier in the week.

* The most heavily traded shares by volume were Aurora Cannabis ACB.TO , Yamana Gold Inc YRI.TO and Canopy Growth Co WEED.TO .

* The TSX posted one new 52-week highs and one new low.

* Across all Canadian issues there were three new 52-week highs and six new lows, with total volume of 13.09 million shares.

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