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TSX gains on higher oil prices, upbeat jobs data

Published 2019-05-16, 10:26 a/m
Updated 2019-05-16, 10:30 a/m
© Reuters.  TSX gains on higher oil prices, upbeat jobs data

May 16 (Reuters) - Canada's main stock index rose for the third straight day on Thursday, boosted by energy stocks which gained on the back of higher oil prices and as a private survey showed higher job additions in April.

* At 9:42 a.m. ET (1342 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was up 61.05 points, or 0.37%, at 16,379.19.

* Ten of the index's 11 major sectors were higher, led by the energy sector .SPTTEN , which jumped 1.1%.

* Crude prices rose as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories. O/R

* U.S. crude CLc1 prices and Brent crude LCOc1 added 1.4% each.

* Canada added 61,700 jobs in April, the second straight month of robust jobs gains, led by hiring in the education and health services and construction sectors, according to a report from ADP (NASDAQ:ADP) released on Thursday. The financials sector .SPTTFS gained 0.3% while industrials .GSPTTIN rose 0.6%.

* The materials sector .GSPTTMT , which includes precious and base metals miners, was the only sector trading 0.3% lower.

* Gold prices slipped, pressured by technical selling after repeatedly failing to breach $1,300 this week and as the dollar gained on the back of strong economic data from the United States. GOL/

* On the TSX, 169 issues were higher, while 66 issues declined for a 2.56-to-1 ratio favouring gainers, with 14.64 million shares traded.

* The largest percentage gainer on the TSX was Boardwalk REIT BEI_u.TO , which jumped 7% after reporting quarterly results.

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* Gold miner Torex Gold Resources Inc TXG.TO fell 2.9%, the most on the TSX.

* The most heavily traded shares by volume were Prometic Life Sciences Inc PLI.TO , Bombardier Inc BBDb.TO and Aurora Cannabis Inc ACB.TO .

* The TSX posted six new 52-week highs and three new lows.

* Across all Canadian issues there were 15 new 52-week highs and seven new lows, with total volume of 29.16 million shares.

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