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CANADA STOCKS-TSX hits record high on energy boost; Canada Goose soars

Published 2021-02-04, 02:43 p/m
© Reuters.

(Updates prices to add milestone)

Feb 4 (Reuters) - Canada's main stock index hit a record high on Friday as energy stocks gained on higher oil prices and Canada Goose Holdings GOOS.TO surged after better-than-expected quarterly results.

* The energy sector .SPTTEN climbed 1.2% as U.S. crude CLc1 prices rose 1.2% and Brent crude LCOc1 gained 0.7% on falling inventories and the OPEC+ decision to stick to its output cuts. O/R

* At 14:00 ET (19:00 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 144.27 points, or 0.81%, at 18,060.18.

* The world's largest pot producer, Canopy Growth Corp WEED.TO , launched a new line of cannabis-infused soft chews and drops for dogs, after its partner and lifestyle guru Martha Stewart's line of pet treats recorded strong sales last week. The Canadian dollar weakened against its U.S. counterpart on Thursday as the greenback added to recent gains against a basket of major currencies and ahead of Canada's monthly jobs report on Friday. The financials sector .SPTTFS gained 1.0%. The industrials sector .GSPTTIN rose 0.4%.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, lost 0.6% as gold futures GCc1 fell 2.5% to $1,786.7 an ounce. GOL/

* On the TSX, 129 issues were higher, while 87 issues declined for a 1.48-to-1 ratio favouring gainers, with 146.43 million shares traded.

* The largest percentage gainer on the TSX was Canada Goose Holdings GOOS.TO , which jumped 27.2% after it beat estimates for quarterly revenue and profit, boosted by a surge in online sales and increased demand for its luxury parkas in China. The second-biggest gainer was MEG Energy Corp MEG.TO , rising 5.6%.

* New Gold Inc NGD.TO fell 7.1%, the most on the TSX, after gold prices dropped due to a rising dollar. The second-biggest decliner was NFI Group Inc NFI.TO , down 4.8%.

* The most heavily traded shares by volume were The Supreme Cannabis Co FIRE.TO , Suncor Energy SU.TO and Athabasca Oil Corp ATH.TO .

* The TSX posted 12 new 52-week highs and no new lows.

* Across all Canadian issues there were 120 new 52-week highs and 6 new lows, with total volume of 311.30 million shares.

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