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

CANADA STOCKS-TSX rises on commodity-linked boost, upbeat manufacturing data

Published 2021-03-01, 10:09 a/m
© Reuters.

(Updates prices, adds sector details)

March 1 (Reuters) - Canada's main stock index rose on Monday as energy and materials stocks tracked gains in commodities, while data showed that the domestic manufacturing activity grew at a faster pace in February than in the prior month.

* The energy sector .SPTTEN climbed 2.1%, while the materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 1.7%. O/R GOL/

* The IHS Markit Canada Manufacturing Purchasing Managers' index (PMI) rose to a seasonally adjusted 54.8 in February from 54.4 in January as better news on COVID-19 vaccines underpinned confidence and new orders and employment climbed. At 9:42 a.m. ET (14:42 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 210.18 points, or 1.16%, at 18,270.44 and is set to post its best day in a month.

* The largest percentage gainer on the TSX was CAE Inc CAE.TO , which jumped 10.3%, after the civil aviation training company agreed to buy L3Harris Technologies Inc's LHX.N military training division for $1.05 billion. Its gains were followed by Sprott Inc SII.TO , which rose 5.8% after the asset management firm announced the renewal of normal course issuer bid. The financials sector .SPTTFS gained 1%. The industrials sector .GSPTTIN rose 1.4%.

* On the TSX, 194 issues were higher, while 21 issues declined for a 9.24-to-1 ratio favouring gainers, with 21.58 million shares traded.

* Air cargo service provider Cargojet Inc CJT.TO fell 2.2%, the most on the TSX, after the company reported fourth-quarter results and the second biggest decliner was food products producer Maple Leaf Foods Inc MFI.TO , down 1.3%.

* The most heavily traded shares by volume were ClearStream Energy Services Inc CSM.TO , Nevada Copper Corp NCU.TO , and Zenabis Global Inc ZENA.TO .

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

* Across all Canadian issues there were 32 new 52-week highs and one new low, with total volume of 52.84 million shares.

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.