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

Published 2018-12-03, 10:09 a/m
© Reuters.  CANADA STOCKS-TSX gains on U.S.-China trade truce
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Dec. 3 (Reuters) - Canada's main stock index rose on Monday, led by a rally in energy shares, after a trade truce between the United States and China.

* Washington and Beijing agreed to a 90-day trade war truce during the G20 summit in Argentina on Saturday, sending shares of global companies as well as oil and gold prices soaring. The energy sector .SPTTEN surged 6.2 percent, the most among the 8 major sectors trading higher.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, soared 2 percent as gold futures GCc1 rose 1 percent to $1,232.9 an ounce. GOL/

* At 9:42 a.m. ET (14:42 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 141.62 points, or 0.93 percent, at 15,339.44.

* The Bank of Canada will raise interest rates early next year, according to a strong majority of economists polled by Reuters, who still say two more rate rises will follow by end-2019. The interest rate sensitive financial group .SPTTFS edged up 0.4 percent.

* On the TSX, 193 issues were higher, while 46 issues declined for a 4.20-to-1 ratio favouring gainers, with traded volume touching 29.68 million shares.

* The largest percentage gainers on the TSX were Cenovus Energy Inc CVE.TO , which jumped 10.3 percent, and Tamarack Valley Energy Ltd TVE.TO , which surged 9.6 percent.

* Cannabis producer Aphria Inc APHA.TO plunged 20.2 percent, the most on the TSX, followed by Gibson Energy GEI.TO , down 3.7 percent.

* The most heavily traded shares by volume were Aphria Inc, Aurora Cannabis ACB.TO , and Crescent Point Energy Corp CPG.TO .

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

* Across all Canadian issues, there were eight new 52-week highs and 12 new lows, with total volume touching 45.77 million shares.

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