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CORRECTED-CANADA STOCKS-TSX tracks oil price gains

Published 2020-09-09, 10:35 a/m
© Reuters.

(Corrects headline and paragraph 1 to remove reference to investors awaiting the Bank of Canada's interest rate decision. The central bank announced its decision to hold rates steady earlier in the day)

Sept 9 (Reuters) - Canada's main stock index rose at the open on Wednesday, tracking higher oil prices, while investors moved past news of a pause in AstraZeneca's COVID-19 vaccine trials.

* At 9:54 a.m. ET (1354 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 227.69 points, or 1.41%, at 16,327.21.

* Canadian housing starts rose 6.9% in August compared with the previous month as groundbreaking increased on multi-family units, data from the national housing agency showed on Wednesday. The energy sector .SPTTEN climbed 1.6% as U.S. crude CLc1 prices rose 1.4% a barrel, while Brent crude LCOc1 added 0.6%. O/R

* The financials sector .SPTTFS gained 0.9%, while the industrials sector .GSPTTIN rose 1.0%.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 2.9% while gold futures GCc1 fell 0.4% to $1,925 an ounce. GOL/ MET/L

* On the TSX, 200 issues gained, while 19 issues fell for a 10.53-to-1 ratio favoring gainers, with 27.63 million shares traded.

* The largest percentage gainers on the TSX were Ivanhoe Mines Ltd IVN.TO , which jumped 6.8% after brokerages TD Securities and Canaccord raised their price targets on its stock, while Pretium Resources PVG.TO rose 5.1%.

* ATS Automation Tooling Systems ATA.TO fell 4.9%, the most on the TSX, after announcing a reorganization plan that included workforce reductions in Europe and Asia to help mitigate the expected impact of a downturn in its transportation markets brought on by the COVID-19 pandemic.

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* The most heavily traded shares by volume were BCE Inc BCE.TO , Suncor Energy SU.TO and Barrick Gold Corp ABX.TO .

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

* Across all Canadian issues there were nine new 52-week highs and no new low, with total volume of 48.51 million shares.

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