🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

CANADA STOCKS-TSX rises in broad but modest move, eyes 0.7 pct gain on week

Published 2017-11-24, 10:33 a/m
© Reuters.  CANADA STOCKS-TSX rises in broad but modest move, eyes 0.7 pct gain on week
TECK
-
HG
-
CL
-
GOLD
-
GSPTSE
-
TRP
-

* TSX up 29.13 points, or 0.18 percent, at 16,103.43

* Nine of the TSX's 10 main groups move higher

* Index on track for 0.7 percent gain for week

TORONTO, Nov 24 (Reuters) - Canada's main stock index rose in morning trading on Friday, led by modest gains for its heavyweight financial and energy sectors in a broad rally that helped put it on track for a 0.7 percent gain for the week.

* At 10:00 a.m. EST (1500 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 29.13 points, or 0.18 percent, at 16,103.43.

* The energy group, which accounts for almost a fifth of the index's weight, climbed 0.4 percent, while the financials group, which accounts for more than a third, gained 0.2 percent.

* U.S. crude prices hit their highest in more than two years as the shutdown at TransCanada Corp 's TRP.TO Keystone pipeline continued to cut deliveries to storage facilities. O/R

* TransCanada shares, which had fallen sharply earlier in the week, were up 0.4 percent at C$63.13.

* Nine of the index's 10 main sectors were higher, with the materials group, which includes precious and base metals miners and fertilizer companies, down 0.2 percent.

* Teck Resources Ltd TECKb.TO gained 1.5 percent to C$29.96 as copper prices headed toward a one-month high, while Barrick Gold Corp ABX.TO fell 2 percent to C$17.97 as gold prices dipped. MET/L GOL/

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.