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CANADA STOCKS-TSX slightly higher as financials offset energy stocks

Published 2017-11-20, 10:21 a/m
© Reuters.  CANADA STOCKS-TSX slightly higher as financials offset energy stocks
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TORONTO, Nov 20 (Reuters) - Canada's main stock index edged higher on Monday morning as financial stocks led a broader rising trend while the heavyweight energy sector fell with lower oil prices.

* At 10:08 a.m. EST (1508 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 7.15 points, or 0.04 percent, at 16,005.72. Seven of its 10 main sectors rose.

* The financials group, which contributes more than a third to the index's overall weight, gained 0.2 percent.

* The energy group, which accounts for almost one-fifth of the index's weight, retreated 1.1 percent. Canadian Natural Resources Ltd CNQ.TO lost 1.8 percent to C$43.75 and Cenovus Energy Inc CVE.TO fell 2.4 percent to C$12.67.

* TransCanada Corp TRP.TO , which is awaiting approval from Nebraska regulators for its Keystone XL project later on Monday, was up 0.1 percent at C$62.59.

* The materials group, which includes precious and base metals miners and fertilizer companies, lost 0.4 percent.

* The TSX composite index lost ground last week, breaking a nine-week winning streak that had pushed it to an all-time high.

* The index posted six new 52-week highs and one new low. Across all Canadian issues there were 21 new 52-week highs and 3 new lows.

* The largest percentage gainer was Ritchie Bros Auctioneers Inc RBA.TO , which rose 4.6 percent after National Bank of Canada upgraded its view on the stock to "outperform" and increased its price target.

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