🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

CANADA STOCKS-TSX rises as technology and utility shares move higher

Published 2020-12-24, 02:33 p/m
© Reuters.

* TSX closes up 30.31 points, or 0.17%, at 17,623.88

* Information technology shares rise 0.7%

TORONTO, Dec 24 (Reuters) - Canada's main stock index rose on Thursday in a shortened trading session ahead of the Christmas holiday, with gains led by the technology and utility sectors as a long-awaited Brexit trade deal boosted investor sentiment.

* The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE closed up 30.31 points, or 0.17%, at 17,623.88.

* The information technology group .SPTTTK rose 0.7%, helped by a 1.7% advance in the shares of Shopify Inc SHOP.TO , the stock with the largest market capitalization on the TSX.

* The largest percentage gainers on the index were TransAlta Corp TA.TO and its majority owned subsidiary TransAlta Renewables Inc RNW.TO , which jumped 4.9% and 6.5% respectively after the company said it was selling U.S. and Canadian power transmission assets for $439 million to its renewable energy subsidiary.

* The utilities sector .GSPTTUT ended up 0.7%, while energy was one of three major sectors to close lower, down 0.8%.

* U.S. crude oil futures CLc1 were up 0.4% at $48.30 a barrel.

* Britain clinched a narrow Brexit trade deal with the European Union just seven days before it exits one of the world's biggest trading blocs in its most significant global shift since the loss of empire. Locally, the value of Canadian building permits rose by 12.9% in November from October, easily beating analyst estimates of a 3.0% gain, Statistics Canada data showed.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.