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CANADA STOCKS-TSX gains on energy boost

Published 2020-11-18, 10:17 a/m
© Reuters.
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Nov 18 (Reuters) - Canada's main stock index rose on Wednesday, supported by energy stocks as oil prices gained on hopes that OPEC and its allies will delay a planned increase in output.

* The energy sector .SPTTEN climbed 2.3% as U.S. crude CLc1 prices were up 0.8% a barrel, while Brent crude LCOc1 added 1.3%. O/R

* The largest percentage gainers on the TSX were oil producer Enerplus Corporation ERF.TO , which jumped 7.4%, and Vermilion Energy Inc VET.TO , which rose 5.4%.

* At 9:45 a.m. ET (1445 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 18.84 points, or 0.11%, at 16,966.9.

* Canada's annual inflation rate unexpectedly accelerated to 0.7% in October, up from a year-over-year increase of 0.5% in September, mainly on higher food prices, Statistics Canada said. The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, lost 1.1%.

* Gold was stuck to a narrow range as optimism over Pfizer (NYSE:PFE)'s successful vaccine trials countered concerns over rising coronavirus infections and bets for further economic support. GOL/

* On the TSX, 111 issues were higher, while 105 issues declined for a 1.06-to-1 ratio favouring gainers, with 21.12 million shares traded.

* Granite Real Estate Investment Trust GRT_u.TO fell 3.6%, the most on the TSX and the second biggest decliner was SilverCrest Metals Inc SIL.TO , down 2.6%.

* The most heavily traded shares by volume were Bombardier Inc BBDb.TO , Baytex Energy Corp BTE.TO and Suncor Energy Inc SU.TO .

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

* Across all Canadian issues there were 40 new 52-week highs and five new lows, with total volume of 41.85 million shares.

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