Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

CANADA STOCKS-TSX gains on energy boost

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

Oct 8 (Reuters) - Canada's main stock index rose on Thursday, buoyed by energy stocks as oil prices rose on output shutdowns in the Gulf of Mexico due to Hurricane Delta and potential supply disruptions in Norway.

* The energy sector .SPTTEN climbed 1.2% as U.S. crude CLc1 prices gained 2.6% a barrel and Brent crude LCOc1 added 2.6%. O/R

* At 9:38 a.m. ET (13:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 70.16 points, or 0.43%, at 16,498.46.

* The nation's housing starts fell by more than expected in September compared with the previous month as groundbreaking tumbled on multiple unit urban homes, data from the national housing agency showed. The financials sector .SPTTFS gained 0.1%, while the industrials sector .GSPTTIN rose 0.2%.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 1.2%.

* On the TSX, 192 issues were higher, while 22 declined for a 8.73-to-1 ratio favouring gainers, with 9.29 million shares traded.

* The largest percentage gainer was Bausch Health Companies Inc BHC.TO , which jumped 7.4% after the drugmaker estimated Q3 revenue to be more than $2.1 billion, above analysts' expectation of $1.97 billion.

* Torex Gold Resources Inc TXG.TO followed with a 6.3% increase after the gold miner delivered its second-highest quarter of production on record.

* Tourmaline Oil Corp TOU.TO fell 1%, the most on the TSX, and the second biggest decliner was Richelieu Hardware Ltd RCH.TO , down 0.8%.

* The most heavily traded shares by volume were Denison Mines Corp DML.TO , Vivo Cannabis Inc VIVO.TO and D-BOX Technologies Inc DBO.TO .

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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

* Across all Canadian issues, there were 17 new 52-week highs and two new lows, with total volume of 21.92 million shares.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.