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CANADA STOCKS-TSX falls on weakness in gold miners

Published 2020-11-27, 10:08 a/m
Updated 2020-11-27, 10:12 a/m
© Reuters.

Nov 27 (Reuters) - Canada's main stock index fell on Friday, dragged down by weakness in gold miners as the precious metal was on course for its biggest weekly decline in two months.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, lost 2% as gold futures GCc1 fell 1.6% to $1,777.4 an ounce. GOL/

* Endeavour Mining Corp EDV.TO fell 4.5%, the most on the TSX, and the second-biggest decliner was SSR Mining Inc TGZ.TO , down 4.3%.

* At 9:42 a.m. ET (1442 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 17.31 points, or 0.1%, at 17,334.03.

* The energy sector .SPTTEN climbed 0.4% as Brent crude LCOc1 added 0.6% a barrel, while U.S. crude CLc1 prices were down 0.8%. O/R

* The financials sector .SPTTFS gained 0.5%. The industrials sector .GSPTTIN rose 0.3%.

* On the TSX, 107 issues were higher, while 110 issues declined for a 1.03-to-1 ratio to the downside, with 26.56 million shares traded.

* The largest percentage gainer on the TSX was Labrador Iron Ore Royalty Corp LIF.TO , which jumped 6.2% after the company declared a dividend.

* Its gains were followed by Ballard Power Systems Inc BLDP.TO , which rose 6.2%.

* The most heavily traded shares by volume were Suncor Energy Inc SU.TO , Bombardier Inc BBDb.TO , and Score Media and Gaming Inc SCR.TO .

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

* Across all Canadian issues there were 48 new 52-week highs and four new lows, with total volume of 53.68 million shares.

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