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CANADA STOCKS-TSX rises as rise in energy stocks offsets financials

Published 2018-06-14, 10:06 a/m
© Reuters.  CANADA STOCKS-TSX rises as rise in energy stocks offsets financials
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June 14 (Reuters) - Canada's main stock index rose on Thursday, led by gains in energy stocks as oil prices steadied.

* At 9:35 a.m. ET (1335 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was up 6.09 points, or 0.04 percent, at 16,271.91.

* Nine of the index's 11 major sectors were higher, led by the energy sector's .SPTTEN 0.3 percent gain.

* Biggest boosts to the sector were provided by Suncor Energy Inc SU.TO and Enbridge Inc ENB.TO - both up nearly 5 percent.

* Oil prices steadied but still faced pressure from evidence of rising U.S. output and uncertainty over the outlook for supply before a meeting next week of the world's largest exporters. O/R

* The U.S. Federal Reserve raised interest rates on Wednesday, a move that marked a milestone in the U.S. central bank's shift from policies used to battle the 2007-2009 financial crisis and recession. Economic data showed that Canadian debt-to-income ratio fell to a two-year low in the first quarter; another piece of economic data also showed Canadian new home prices remained flat for the second month in a row in April. The financials sector .SPTTFS slipped 0.2 percent following the surprise departure of Bank of Canada Deputy Governor Sylvain Leduc. The Canadian dollar edged lower against the greenback, which broadly climbed and after Italy added to Canada's uncertain trade outlook, saying it will not ratify the European Union's free trade accord with the country. On the TSX, 166 issues were higher, while 75 issues declined for a 2.21-to-1 ratio favouring gainers, with 8.71 million shares traded.

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* The biggest percentage gainers on the TSX were shares of Detour Gold Corp DGC.TO and Aecon Group ARE.TO that jumped about 2.5 percent each.

* TransAlta Renewables Inc RNW.TO fell 5.9 percent, the most on the TSX, after announcing a $150 million bought deal offering of shares. The most heavily traded shares by volume were Aurora Cannabis ACB.TO , Green Organic Dutchman Holdings TGOD.TO and Katanga Mining Ltd KAT.TO .

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

* Across all Canadian issues there were 14 new 52-week highs and 7 new lows, with total volume of 16.17 million shares.

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