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

CANADA STOCKS-TSX gains on hopes of U.S.-China trade truce

Published 2019-10-09, 10:18 a/m
© Reuters.  CANADA STOCKS-TSX gains on hopes of U.S.-China trade truce

Oct 9 (Reuters) - Canada's main stock index was set to snap a two-day losing streak on Wednesday, as latest media reports raised hopes that the United States and China would make progress in resolving their prolonged trade war during this week's high-level talks.

* China was open to a partial trade deal with the U.S., a Bloomberg report said, despite the recent blacklisting Chinese technology firms. Adding to the upbeat mood, was a report by the Financial Times that Beijing was offering to increase its annual purchases of U.S. agricultural products. The world's top two economies are scheduled to begin their high-level trade talks on Thursday.

* At 9:41 a.m. ET (13:41 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 57.4 points, or 0.35%, at 16,351.35.

* Eight of the index's 11 major sectors were trading higher.

* The energy sector .SPTTEN climbed 0.4% as U.S. crude CLc1 prices were up 1.7% a barrel, while Brent crude LCOc1 added 1.6%. O/R

* The financials sector .SPTTFS gained 0.3%, and the industrials sector .GSPTTIN rose 0.5%.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.1% as gold futures GCc1 rose 0.6% to $1,505.8 an ounce. GOL/ MET/L

* On the TSX, 162 issues were higher, while 61 issues declined for a 2.66-to-1 ratio favouring gainers, with 9.98 million shares traded.

* The largest percentage gainers on the TSX were Encana Corp ECN.TO , which climbed 2.4%, and Aurora Cannabis Inc ACB.TO , which rose 2.2%.

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

* Exchange Income Corp EIF.TO fell 4.3%, the most on the TSX, while the second biggest decliner was Pason Systems Inc PSI.TO , down 1.8%.

* The most heavily traded shares by volume were Green Organic Dutchman Holdings Ltd TGOD.TO and Aurora Cannabis.

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

* Across all Canadian issues there were seven new 52-week highs and five new lows, with total volume of 19.16 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.