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CANADA STOCKS-TSX rises as higher gold prices boost materials sector

Published 2018-12-20, 10:26 a/m
Updated 2018-12-20, 10:30 a/m
© Reuters.  CANADA STOCKS-TSX rises as higher gold prices boost materials sector

Dec 20(Reuters) - Shares in Toronto's main stock index were marginally higher on Thursday, led by a robust gain in the materials sector as gold prices rose over 1 percent supported by slump in the U.S. dollar and global stocks.

* At 10:10 a.m. ET (15:05 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 11.73 points, or 0.10 percent, at 14,264.59.

*The Canadian dollar CAD= edged higher against its U.S. counterpart after hitting a 1-1/2-year low on Wednesday.

*Seven of the index's 11 major sectors were higher, led by the materials sector .GSPTTMT , up 3 percent, with shares of precious metal miners such as Guyana Goldfields Inc GUY.TO and Iamgold Corp IMG.TO leading gains.

*Economic data showed wholesale trade increased by 1 percent in October and 39,100 jobs were added in November. The energy sector .SPTTEN dropped 0.5 percent as oil prices fell more than 4 percent on Thursday, hitting lowest in more than a year on concerns about oversupply. O/R

* On the TSX, 154 issues were higher, while 89 issues declined for a 1.73-to-1 ratio favoring gainers, with 41.13 million shares traded.

* The largest percentage gainers on the TSX were Guyana Goldfields Inc GUY.TO , which jumped 8.8 percent and Iamgold Corp IMG.TO that rose 8.4 percent.

*Shares of BlackBerry Ltd BB.TO gained over 4 percent after reporting a better-than-expected quarterly profit, as the company's focus on fast-growing areas boosted billings in its technology solutions unit. Ats Automation Tooling Systems Inc ATA.TO fell 6.2 percent, the most on the TSX.

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* The most heavily traded shares by volume were Bombardier Inc BBDb.TO , Aurora Cannabis Inc ACB.TO and BetaPro Natural Gas HNU.TO .

* The TSX posted no new 52-week highs and 25 new lows.

* Across Canadian issues, there were seven new 52-week highs and 175 new lows, with total volume of 64.80 million shares traded.

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