6 new stocks added last week by ProPicks AI are already up by 2.5%. Don't miss the momentum!Get 50% off

CANADA STOCKS-TSX rises on NAFTA optimism, easing trade war fears

Published 2018-04-05, 10:07 a/m
© Reuters.  CANADA STOCKS-TSX rises on NAFTA optimism, easing trade war fears
XAU/USD
-
GC
-
CL
-
GSPTSE
-
ARE
-
CJRb
-
CNQ
-
ELD
-
SU
-
WEED
-
ACB
-

April 5 (Reuters) - Canada's main stock index rose on Thursday after three straight sessions of declines, boosted by gains in energy stocks and optimism over progress in NAFTA deal as trade war worries receded.

* At 9:37 a.m. ET (1337 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index .GSPTSE rose 94.46 points, or 0.62 percent, to 15,258.83.

* Mexico, Canada and the United States have made good progress in their bid to modernize the NAFTA trade pact but still have work to do, Canadian Foreign Minister Chrystia Freeland said on Wednesday. Wall Street extended recovery from previous session on signs that United States and China were open to negotiations on tariffs. .N

* Suncor Energy SU.TO and Canadian Natural Resources CNQ.TO were up about 2 percent, boosting the energy sector by 1.8 percent.

* The financial sector was up 0.4 percent lifted by the heavy weight banks.

* Spot gold XAU= was down 0.4 percent at $1,327.93 an ounce at 1345 GMT as demand for the safe haven asset eased. GOL/

* Oil prices were broadly steady on easing of Sino-U.S. trade tensions and a surprise dip in U.S. crude inventories last week. O/R

* Canada's trade deficit unexpectedly rose to C$2.69 billion ($2.10 billion) in February from C$1.94 billion in January as imports grew much faster than exports. Analysts were expecting a C$2.00 billion shortfall. TSX closed at over seven-week low on Wednesday over trade war worries.

* Eight of 10 main index groups were in the positive territory.

* The TSX posted three new 52-week highs and no new lows. Across all Canadian issues there were five new 52-week highs and seven new lows.

* The largest percentage gainer on the TSX was Corus Entertainment CJRb.TO , which rose 18 percent after reporting better-than-expected quarterly profit, while the largest decliner was Aecon Group ARE.TO , down 1.6 percent.

* Among the most active Canadian stocks by volume were Aurora Cannabis ACB.TO , Canopy Growth Co WEED.TO , and Eldorado Gold ELD.TO .

* Volume on the TSX index was 13.26 million shares, while the total volume on Thursday was 18.33 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.