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CANADA STOCKS-TSX led higher by healthcare stocks as Canada resumes NAFTA talks

Published 2018-08-29, 10:47 a/m
© Reuters.  CANADA STOCKS-TSX led higher by healthcare stocks as Canada resumes NAFTA talks

Aug 29 (Reuters) - Canada's main stock index rose on Wednesday as the country's top trade negotiator continued talks to preserve a three-nation NAFTA trade pact following Monday's deal.

* At 10:01 a.m. ET (14:01 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 26.17 points, or 0.16 percent, at 16,381.71.

* Canada and United States are set to tackle their contentious issues in bilateral talks on Wednesday, as the two nations work to salvage the North American Free Trade Agreement amid signs Ottawa was open to taking a more conciliatory approach. Eight of the index's 11 major sectors were higher led by a 1 percent rise in the healthcare sector .GSPTTHC .

* Cannabis stocks gained after Tilray Inc TLRY.O reported quarterly results for first time as publicly traded company. Aurora Cannabis ACB.TO , Aphria Inc APH.TO and Canopy Growth Co WEED.TO rose between 2-2.9 percent and were the most heavily traded shares by volume on TSX.

* The energy sector .SPTTEN climbed 0.3 percent as U.S. crude CLc1 prices were up 0.9 percent a barrel, while Brent crude LCOc1 added 0.6 percent. O/R

* The heavyweight financials sector .SPTTFS fell 0.2 percent as Bank of Nova Scotia BNS.TO and Fairfax Financial FFH.TO each down about a percent lagged the most.

* The industrials sector .GSPTTIN rose 0.3 percent.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.1 percent.

* Gold futures GCc1 fell 0.4 percent to $1,202.4 an ounce, while copper prices CMCU3 declined 0.8 percent to $6,098.5 a tonne. GOL/ MET/L

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* On the TSX, 107 issues were higher, while 119 issues declined for a 1.11-to-1 ratio to the downside, with 12.79 million shares traded.

* The largest percentage gainers on the TSX were auto parts maker Martinrea International MRE.TO , which jumped 3.1 percent and Aphria Inc APH.TO , which rose 2.9 percent.

* Eldorado Gold ELD.TO fell 1.5 percent, the most on the TSX. The second biggest decliner was Bausch Health Co BHC.TO , down 1.4 percent.

* The TSX posted one new 52-week high and no new lows.

* Across all Canadian issues there were nine new 52-week highs and five new lows, with total volume of 18.88 million shares.

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