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CANADA STOCKS-TSX gains as energy, bank stocks gain, BlackBerry pulls back

Published 2017-12-21, 04:47 p/m
© Reuters.  CANADA STOCKS-TSX gains as energy, bank stocks gain, BlackBerry pulls back

* TSX ends down 22.96 points, or 0.14 percent, to 16,182.63

* Half of the TSX's 10 main groups move higher

By Alastair Sharp

TORONTO, Dec 21 (Reuters) - Canada's main stock index ended slightly higher on Thursday, boosted by energy companies as well as gains among big banks and some miners, while BlackBerry Ltd BB.TO pulled back after a sharp jump.

* The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 22.96 points, or 0.14 percent, to 16,182.63.

* Half of its 10 main groups rose, with advancers barely outnumbering decliners overall.

* The energy group climbed 1.4 percent, with Encana Corp ECA.TO up 3.4 percent at C$15.98 and Canadian Natural Resources Ltd CNQ.TO adding 1.2 percent to C$44.41.

* Northern Dynasty Minerals Ltd NDM.TO rose 3.6 percent to C$2.30 after saying it will apply for federal and state permits on Friday for its Pebble mine in Alaska. The materials group, which includes precious and base metals miners and fertilizer companies, added 0.1 percent.

* BlackBerry Ltd BB.TO fell 3.6 percent to C$15.03 a day after surging on the back of its quarterly earnings. The heavyweight financials group gained 0.2 percent, as bonds yields rose after strong inflation and retail sales data. Toronto-Dominion bank TD.TO gained 0.5 percent to C$72.85 and Canadian Imperial Bank of Commerce CM.TO added 1 percent to C$123.48.

* Cogeco Communications Inc CCA.TO rose 2.2 percent to C$88.97 and Dream Office Real Estate Investment Trust D_u.TO declined 4.2 percent to C$21.55 after TD Securities upgraded Cogeco and downgraded Dream Office.

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* Cable and telecom company Quebecor Inc QBRb.TO rose 1.0 percent to C$23.72 after Desjardins raised it to a "buy".

* Paramount Resources Ltd POU.TO rose 7 percent to C$19.37 after announcing a share buyback plan.

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