CANADA STOCKS-TSX edges up on gains in materials, robust jobs data

Published 2018-10-05, 10:25 a/m
© Reuters.  CANADA STOCKS-TSX edges up on gains in materials, robust jobs data
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Oct 5 (Reuters) - Canada's main stock index was slightly higher on Friday, propped up by gains in mining and industrial shares and strong jobs data.

* At 9:43 a.m. ET (13:43 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 10.6 points, or 0.07 percent, at 16,017.27.

* The materials sector .GSPTTMT , which includes precious and base metals miners, added 0.2 percent as gold edged up after weaker-than-expected U.S non-farm payroll data. The industrials sector .GSPTTIN rose 1.0 percent, as Canadian Pacific Railway CP.TO climbed nearly 3 percent for the second straight session. Statistics Canada data showed the economy added 63,300 jobs in September, more than twice as many as analysts had forecast, and the jobless rate edged down to 5.9 percent. The energy sector .SPTTEN was down 0.4 percent after U.S. CLc1 and Brent LCOc1 crude prices dipped. O/R

* The Canadian dollar edged higher against the greenback, as data showing a jump in domestic jobs supported expectations of another interest rate hike this month from Bank of Canada.

* On the TSX, 125 issues were higher, while 110 issues declined for a 1.14-to-1 ratio favouring gainers, with 15.09 million shares traded.

* Top percentage gainer on the TSX were shares of gold miner Torex Gold Resources TXG.TO , which jumped 3.1 percent, followed by Canadian Pacific Railway.

* Ensign Energy Services ESI.TO fell 3.9 percent, the most on the TSX, after Precision Drilling PD.TO trumped a hostile bid from the oilfield service provider to buy smaller rival Trinidad Drilling TDG.TO . The most heavily traded shares by volume were Trinidad Drilling, Aurora Cannabis ACB.TO and Royal Nickel RNX.TO .

* The TSX posted two new 52-week highs and four new lows.

* Across all Canadian issues there were five new 52-week highs and 26 new lows, with total volume of 28.17 million shares.

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