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CANADA STOCKS-TSX reaches record high as resource shares climb

Published 2017-12-27, 11:15 a/m
© Reuters.  CANADA STOCKS-TSX reaches record high as resource shares climb
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* TSX rises 36.94 points, or 0.23 percent, to 16,202.21

* Index posts a record intraday high at 16,207.52

* Five of the index's 10 main groups gain

* Energy climbs 1.6 percent

TORONTO, Dec 27 (Reuters) - Canada's main stock index rose on Wednesday to a record high as a recent rally in commodity prices helped boost the shares of energy and metal mining companies.

* At 10:57 a.m. ET (15:57 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE , which had been shut on Monday and Tuesday for the Christmas and Boxing Day holidays, rose 36.94 points, or 0.23 percent, to 16,202.21.

* It touched a record intraday high at 16,207.52.

* Energy shares climbed 1.6 percent, with Suncor Energy up 2.2 percent at C$45.69.

* The price of U.S. crude oil CLc1 was down 0.57 percent at $59.63 a barrel. But it had touched a 2-1/2-year high in the previous session. O/R

* The materials group, which includes precious and base metals miners and fertilizer companies, added 0.7 percent.

* Teck Resources Ltd TECKb.TO , which exports steelmaking coal and mines metals, including copper, gained 2.5 percent to C$33.15.

* Copper prices CMCU3 advanced 1.5 percent to $7,235 a tonne. MET/L

* Five of the TSX's 10 main groups rose.

* The largest percentage gainer on the index was Canopy Growth Co WEED.TO , which rose 13.5 percent, while the largest decliner was Centerra Gold CG.TO , down 10.8 percent.

* TransCanada Corp TRP.TO , fell 0.7 percent to C$61.24 after announcing an agreement to sell retail contracts to EDF (PA:EDF) Energy Services LLC. Advancing issues outnumbered declining ones on the TSX by 154 to 88, for a 1.75-to-1 ratio on the upside.

* The index was posting seven new 52-week highs and one new low.

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