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CANADA STOCKS-TSX rises on materials boost, upbeat factory data

Published 2020-11-02, 10:00 a/m
© Reuters.

Nov 2 (Reuters) - Canada's main stock index rose on Monday, supported by gains in the materials sector, as data showed that domestic factory activity expanded for a fourth straight month in October.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, firmed 0.3% as gold futures GCc1 rose 0.6% to $1,888.6 an ounce. GOL/

* Canadian manufacturing activity continued to recover from the coronavirus crisis in October, with output climbing at the fastest pace in over two years. At 9:43 a.m. ET (14:43 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 69.44 points, or 0.45%, at 15,650.08.

* The largest percentage gainers on the TSX were pot producers Aurora Cannabis Inc ACB.TO and Cronos Group Inc CRON.TO , which rose 5% and 4.5%, respectively.

* The financials sector .SPTTFS gained 0.1%. The industrials sector .GSPTTIN rose 0.7%.

* The energy sector .SPTTEN slid 0.6% as U.S. crude CLc1 prices were down 1.1% a barrel, while Brent crude LCOc1 lost 0.6%. O/R

* Oil producer Tourmaline Oil Corp TOU.TO fell 2.8%, the most on the TSX, followed by Crescent Point Energy Corp CPG.TO , down 2.7%.

* On the TSX, 161 issues were higher, while 58 issues declined for a 2.78-to-1 ratio favouring gainers, with 15.96 million shares traded.

* The most heavily traded shares by volume were Zenabis Global Inc ZENA.TO , Monarch Gold Corp MQR.TO ,and Bombardier Inc BBDb.TO .

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

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* Across all Canadian issues there were five new 52-week highs and no new lows, with total volume of 34.52 million shares.

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