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Canadian stocks flat as higher oil prices offset by losses in materials

Published 2019-12-19, 10:49 a/m
Canadian stocks flat as higher oil prices offset by losses in materials

(Reuters) - Canada's main stock index was flat on Thursday as gains in energy on higher oil prices were offset by weakness in the materials sector.

* At 10:07 a.m. ET (15:07 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 4.11 points, or 0.02%, at 17,036.09.

* The energy sector climbed 0.4% as U.S. crude prices were up 0.3% a barrel, while Brent crude added 0.4%. [O/R]

* Seven of the index's 11 major sectors were lower, led by the materials sector.

* The materials sector, which includes precious and base metals miners and fertilizer companies, fell 0.4%, led by losses in Interfor Corp.

* The largest percentage gainer on the TSX was SNC-Lavalin, which jumped 6.8%, extending gains after markets positively perceived the company pleading guilty to fraud charges on Wednesday.

* The financials sector slipped 0.1%, while the industrials sector fell 0.2%.

* On the TSX, 107 issues were higher, while 112 issues declined for a 1.05-to-1 ratio to the downside, with 28.41 million shares traded.

* Gibson Energy Inc (TO:GEI) fell 2.8%, the most on the TSX. The second biggest decliner was Gran Tierra Energy Inc (TO:GTE), down 2%.

* The most heavily traded shares by volume were Aurora Cannabis (TO:ACB), StageZero Life Sciences Inc (TO:SZLS), and Wallbridge Min (TO:WM).

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

* Across all Canadian issues, there were 21 new 52-week highs and seven new lows, with total volume of 55.03 million shares.

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