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CANADA STOCKS-TSX falls as shares of financials, healthcare companies drop

Published 2018-11-22, 11:01 a/m
Updated 2018-11-22, 11:10 a/m
© Reuters.  CANADA STOCKS-TSX falls as shares of financials, healthcare companies drop

Nov 22 (Reuters) - Shares in Canada's main stock index fell on Thursday led by a drop in the financial and healthcare sector while shares of technology companies rose on Wall Street's recovery ahead of the U.S. Thanksgiving Holiday.

*The financials sector .SPTTFS slipped 0.3 percent after Bank of Canada said vulnerabilities in the housing market are still high despite rising interest rates and tighter mortgage rules. healthcare sector lost the most on TSX, down 1.17 percent as reports indicated Canada's Alberta region may temporarily stop issuing licenses to sell cannabis and ration supply amid a countrywide marijuana shortage.

* At 10:30 a.m. ET (15:30 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 12.73 points, or 0.08 percent, at 15,082.

*Six of the index's 11 major sectors were lower, led by losses in the healthcare sector .SPTTTK .

* The materials sector .GSPTTMT , which includes precious and base metals miners, rose marginally on elevated gold prices.

* Bucking the trend, the energy sector .SPTTEN climbed 0.3 percent as oil prices trimmed some losses on hopes OPEC talks next month may produce a reduction in output. O/R

*Optimism in the energy sector also came from news that Canadian government is considering buying rail cars to move oil stuck in the Alberta region because of a lack of pipeline capacity. On the TSX, 134 issues were higher, while 102 issues declined for a 1.31-to-1 ratio favoring gainers, with 17.19 million shares trading.

* The largest percentage gainer on the TSX was Bombardier Inc BBDb.TO , which jumped 1.8 percent a day after it announced job cuts at its Belfast division.

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* The biggest loser on the index was First Quantum Minerals Limited FM.TO which fell 3.4 percent.

* The most heavily traded shares by volume were Bombardier Inc, Aurora Cannabis Inc ACB.TO , and BetaPro Natural Gas HND.TO .

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

* Across all Canadian issues there were 2 new 52-week high and 10 new lows, with total volume of 22.06 million shares.

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