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CANADA STOCKS-TSX rises as energy and financials gain

Published 2018-06-20, 10:01 a/m
Updated 2018-06-20, 10:10 a/m
© Reuters.  CANADA STOCKS-TSX rises as energy and financials gain

© Reuters. CANADA STOCKS-TSX rises as energy and financials gain

June 20 (Reuters) - Canada's main stock index rose on Wednesday, boosted by gains in shares of energy and financial companies.

* At 9:35 a.m. ET (1335 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was up 67.37 points, or 0.41 percent, at 16,383.9.

* All of the index's 11 major sectors were higher, led by a 1 percent rise in the energy sector .SPTTEN and a 0.3 percent gain in the financials group .SPTTFS

* Canada's upper house of parliament legalized recreational marijuana on Tuesday, setting the stage for the country to become the first among G7 nations to legalize cannabis. Top boosts to the energy sector were Suncor Energy SU.TO and TransCanada Corp TRP.TO - up about 1 percent each.

* Oil prices rose, supported by reports of a drop in U.S. commercial crude inventories and the loss of storage capacity in Libya. O/R

* Financials were lifted by Toronto-Dominion Bank TD.TO and Brookfield Asset Management Inc BAMa.TO , shares of which were up about 1 percent.

* The Canadian dollar steadied against the greenback as oil prices rose. The Canadian government believes a deal to update NAFTA is still possible despite a U.S. move to impose tariffs on Canadian and Mexican steel and aluminum, Foreign Minister Chrystia Freeland said on Tuesday. On the TSX, 187 issues were higher, while 45 issues declined for a 4.16-to-1 ratio favouring gainers, with 11.59 million shares traded.

* The biggest percentage gainers on the TSX were cannabis firms, rallying on the legalization of recreational marijuana.

* Shares of Aurora Cannabis ACB.TO jumped 4 percent and Canopy Growth Co WEED.TO rose 3.5 percent.

* Shares of Lundin Mining LUN.TO and New Gold NGD.TO slid about 1.1 percent each, as copper and gold prices dipped. MET/L GOL/

* The most heavily traded shares by volume were Aurora Cannabis, Neovasc Inc NVCN.TO and Canopy Growth Co WEED.TO .

* The TSX posted eight new 52-week highs and one new low.

* Across all Canadian issues there were 31 new 52-week highs and seven new lows, with total volume of 19.97 million shares.

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