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CANADA STOCKS-TSX higher on energy and financial boost

Published 2018-07-30, 10:15 a/m
© Reuters.  CANADA STOCKS-TSX higher on energy and financial boost
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July 30 (Reuters) - Canada's main stock index rose on Monday, boosted by gains in energy and financial stocks.

* At 9:35 a.m. ET (1335 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was up 29.2 points, or 0.18 percent, at 16,423.15.

* Seven of the index's 11 major sectors were higher, led by a 0.8 percent rise in the energy sector .SPTTEN and a 0.3 percent gain in financials .SPTTFS .

* Oil prices rose as investors remained cautious over the supply outlook, having gained nearly 5 percent in price since the middle of July.

* U.S. crude CLc1 prices climbed 2.5 percent, while Brent crude LCOc1 added 1.3 percent. O/R

* The financial sector was boosted by shares of Royal Bank of Canada RY.TO , which added 0.3 percent, and a 0.7 percent rise in Bank of Nova Scotia BNS.TO .

* Gold prices steadied ahead of a meeting of the U.S. Federal Reserve this week which could yield clues to the future direction of U.S. interest rates and the dollar, key factors for precious metal prices. The materials sector .GSPTTMT , which includes precious and base metals miners, rose 0.07 percent.

* Mexican Economy Secretary Ildefonso Guajardo said on Friday that the negotiating teams for the NAFTA deal are ready to kick off talks again after they stalled last month. Canada, the European Union, Japan, Mexico and South Korea will meet in Geneva this week to discuss how to respond to threats by U.S. President Donald Trump to impose tariffs on U.S. imports of autos and car parts. On the TSX, 148 issues were higher, while 87 issues declined for a 1.70-to-1 ratio favouring gainers, with 7.67 million shares traded.

* Top percentage gainers on the TSX were shares of Meg Energy Corp MEG.TO , which jumped 2.6 percent, and Ivanhoe Mines Ltd IVN.TO , which rose 2.1 percent.

* The top laggard on the TSX was NovaGold Resources NG.TO , which fell 2.3 percent, followed by Constellation Software CSU.TO , down 1.6 percent.

* The most heavily traded shares by volume were Aurora Cannabis ACB.TO , Cequence Energy CQE.TO and Eldorado Gold ELD.TO .

* The TSX posted one new 52-week high and three new lows.

* Across all Canadian issues, there were four new 52-week highs and 10 new lows, with total volume of 13.80 million shares.

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