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CANADA STOCKS-TSX gets moderate lift from financials, energy firms

Published 2017-04-06, 10:55 a/m
© Reuters.  CANADA STOCKS-TSX gets moderate lift from financials, energy firms
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* TSX up 37.26 points, or 0.24 percent, to 15,680.25

* Six of the TSX's 10 main groups gain

TORONTO, April 6 (Reuters) - Canada's main stock index rose on Thursday, bolstered by a rise in energy and financial stocks, but a dip in resource shares offset some of the gains.

The most influential movers on the index included Canada's largest bank, Royal Bank of Canada RY.TO , which rose 0.6 percent to C$97.62, and Bank of Nova Scotia BNS.TO , which advanced 0.8 percent to C$78.74. Toronto-Dominion Bank TD.TO was also a top mover, and was up 0.5 percent to C$66.6.

The overall financials group, which makes up just over a third of the index's weight, gained 0.3 percent.

Energy companies were also higher, climbing 0.8 percent. TransCanada Corp TRP.TO , which won U.S. approval for the construction of the Keystone XL crude oil pipeline last month, rose 0.9 percent to C$62.64. Suncor Energy SU.TO was up 0.7 percent to C$41.73.

At 10:44 a.m. ET (1444 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE added 37.26 points, or 0.24 percent, to 15,680.25. Of the index's 10 main groups, six advanced.

Offsetting gains was a 0.8-percent fall to C$25.80 by Barrick Gold Corp ABX.TO . The Canadian miner said on Thursday that China's Shandong Gold Mining Co Ltd 600547.SS will pay $960 million for a 50 percent stake in Barrick's Veladero gold mine in Argentina. River Exploration RRX.TO dropped 5.5 percent to C$9.32 amid a report that it has hired an advisor to explore a possible sale.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 0.1 percent.

In corporate earnings news, Corus Entertainment Inc CJRb.TO reported a lower-than-expected profit, hurt by higher costs. Shares were down 1.0 percent to C$12.83.

Advancing issues outnumbered declining ones on the TSX by 131 to 114, for a 1.15-to-1 ratio on the upside.

The index was posting 5 new 52-week highs and no new lows.

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