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CANADA STOCKS-TSX flat as tech gains offset energy losses

Published 2018-09-14, 10:24 a/m
Updated 2018-09-14, 10:30 a/m
© Reuters.  CANADA STOCKS-TSX flat as tech gains offset energy losses

(Reuters) - Canada's main stock index treaded water on Friday as gains in the technology sector were offset by losses in shares of energy companies.

* U.S. crude CLc1 prices were down 0.7 percent a barrel, while Brent crude LCOc1 lost 0.7 percent. O/R

* Only four of the index's 11 major sectors were higher, led by the information technology sector's .SPTTTK 0.7 percent rise.

* Shopify SHOP.TO , Celestica CLS.TO and Evertz Technologies ET.TO gained between 0.7 percent and 2 percent and lifted the technology sector.

* At 10:11 a.m. ET (14:11 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 6.3 points, or 0.04 percent, at 15,995.41.

* Canadian Prime Minister Justin Trudeau said he wanted a good NAFTA deal as soon as possible, but did not answer directly when asked if he agreed with Washington that the end of September was the final deadline for talks. The Canadian dollar weakened against its U.S. counterpart on Friday as the greenback rose broadly, but the loonie was on course for its best weekly performance in five months. On the TSX, 107 issues were higher, while 128 issues declined for a 1.20-to-1 ratio to the downside, with 33.11 million shares traded.

* The largest percentage gainers on the TSX were cannabis producers Aphria APH.TO , which jumped 3.4 percent, and Canopy Growth Co WEED.TO , which rose 2.4 percent.

* Hudsons Bay Comp HBC.TO fell 3.9 percent, the most on the TSX, followed by Lucara Diamnd LUC.TO , down 3.9 percent.

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* The most heavily traded shares by volume were Aurora Cannabis ACB.TO , Aphria and Royal Nickel RNX.TO .

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

* Across all Canadian issues there were eight new 52-week highs and 14 new lows, with total volume of 50.92 million shares.

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