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CANADA STOCKS-TSX edges higher on gains in financial shares

Published 2019-02-04, 10:11 a/m
© Reuters.  CANADA STOCKS-TSX edges higher on gains in financial shares
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Feb 4 (Reuters) - Canada's main stock index edged higher on Monday as gains in financial shares helped more than offset losses in the materials and energy sectors.

* At 9:35 a.m. ET (1435 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was marginally up 15.57 points, or 0.1 percent, at 15,521.88.

* The financials sector .SPTTFS gained 0.4 percent, helping the main index start off the week on a firm footing.

* The TSX eked out a 1 percent gain in the previous week, holding up its seven-week rally.

* Helping lift financials sector was ECN Capital Corp ECN.TO , which rose 1 percent after brokerage Cormark Securities raised price target for the company's shares.

* Six of the index's 11 major sectors were higher.

* The energy sector .SPTTEN inched down 0.2 percent after oil prices slid on the back of uncertainty on prospects for global economy. O/R

* U.S. crude CLc1 prices were down 2 percent, while Brent crude LCOc1 lost 1.3 percent.

* The materials sector .GSPTTMT , which includes precious metal miners, shed 0.6 percent as gold prices fell after the dollar and global equities firmed up on the back of upbeat economic data from the United States. GOL/

* On the TSX, 102 issues were higher, while 120 issues declined for a 1.18-to-1 ratio to the downside, with traded volume touching 12.47 million shares.

* The biggest percentage gainers on the TSX were shares of cannabis firms Aphria Inc APHA.TO , which surged 9.4 percent, and Cronos Group Inc CRON.TO , which rose 6.2 percent.

* IGM Financial IGM.TO fell 2.7 percent, the most on the TSX, after brokerage Desjardins cut its rating on the company's shares to "hold".

* The second biggest decliner was gold miner OceanaGold Corp OGC.TO , down 2.6 percent.

* The most heavily traded shares by volume were Aurora Cannabis ACB.TO , Aphria Inc and Bombardier BBDb.TO .

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

* Across all Canadian issues, there were eight new 52-week highs and two new lows, with total volume touching 18.77 million shares.

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