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CANADA STOCKS-TSX gains led by energy shares

Published 2018-12-12, 10:11 a/m
© Reuters.  CANADA STOCKS-TSX gains led by energy shares
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Dec 12 (Reuters) - Canada's main stock index rose on Wednesday, helped by shares of energy companies as oil prices gained after an industry report showed a drop in U.S. crude inventories and a cut in Libyan supplies.

* All 11 major sectors were trading higher with the energy sector .SPTTEN , up 1.77 percent, leading the pack.

* U.S. crude CLc1 prices were up 1.3 percent per barrel, while Brent crude LCOc1 added 1.2 percent. O/R

* Fueling optimism was U.S. President Donald Trump's encouraging comments over trade negotiations between the United States and China, which also helped the Canadian dollar strengthen against its U.S. counterpart. Trump, in an interview with Reuters, said trade talks with Beijing were taking place by phone and he would not hike tariffs on Chinese imports until he was sure about a deal. Industrial stocks .GSPTTIN , a sector sensitive to trade-related news, rose 1.36 percent.

* At 9:41 a.m. ET (1441 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 140.73 points, or 0.96 percent, at 14,808.56.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 1.2 percent as gold futures GCc1 rose 0.3 percent to $1,245.3 an ounce.

* The largest percentage gainer on the TSX was North West Co Inc NWC.TO , which jumped 6.1 percent after its third-quarter revenue beat analysts' estimates.

* Torc Oil & Gas Ltd TOG.TO rose 4.7 percent after the company gave its 2019 production forecast and capital budget.

* On the TSX, 222 issues were higher, while 18 issues declined for a 12.33-to-1 ratio favouring gainers, with 19.98 million shares traded.

* Canadian Apartment Properties Real Estate Investment Trust CAR_u.TO fell 4 percent, the most on the TSX, after the company announced public unit financing of $250 million.

* The second-biggest decliner was Guyana Goldfields Inc GUY.TO , down 3.3 percent.

* Among the most heavily traded shares by volume were Cannabis producers Aphria Inc APHA.TO and Aurora Cannabis ACB.TO .

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

* Across all Canadian issues, there were four new 52-week highs and 11 new lows, with total volume of 31.38 million shares.

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