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CANADA STOCKS-TSX edges higher, powered by gains in energy stocks

Published 2018-06-01, 10:24 a/m
© Reuters.  CANADA STOCKS-TSX edges higher, powered by gains in energy stocks

June 1 (Reuters) - Canada's main stock index edged higher on Friday as gains in shares of energy companies more than offset losses in the heavyweight financials index.

* At 9:43 a.m. ET (1343 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 27.8 points, or 0.17 percent, at 16,089.3.

* Eight of the index's eleven major sectors were higher, led by the energy sector .SPTTEN , which climbed 0.3 percent.

* Biggest boost to the index was the 0.5 percent gain in shares of Suncor Energy Inc SU.TO after it filed a mixed shelf offering. The spread between Brent crude oil and U.S. WTI hit a fresh three-year high with the latter set for a second consecutive week of declines as U.S. oil output comes close to matching that of top producer Russia. O/R

* The industrials sector .GSPTTIN rose 0.4 percent and was the second biggest boost to the index.

* The financials sector .SPTTFS , which slipped 0.3 percent, was the biggest drag on the index.

* Shares of Bank of Nova Scotia BNS.TO fell 1.1 percent and dragged the financials sector lower after news to buy doctors' wealth services firm MD Financial Management. On the TSX, 132 issues were higher, while 105 issues declined for a 1.26-to-1 ratio favoring gainers, with 14.28 million shares traded.

* The largest percentage gainers on the TSX were Laurentian Bank LB.TO , which jumped 4 percent, after reporting second-quarter results.

* Shares of Cott Corp BCB.TO , which rose 3.4 percent, were the second biggest advancer on the TSX.

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* Detour Gold Corp DGC.TO fell 2.3 percent, the most on the TSX while the second biggest decliner was New Gold Inc NGD.TO down 2.3 percent.

* The most heavily traded shares by volume were Sprott Resource Holdings SRHI.TO , Nemaska Lithium NMX.TO and Royal Nickel Corp RNX.TO .

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

* Across all Canadian issues there were 12 new 52-week highs and seven new lows, with total volume of 27.83 million shares.

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