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CANADA STOCKS-TSX seesaws as gains for energy offset broader losses

Published 2016-04-22, 11:21 a/m
© Reuters.  CANADA STOCKS-TSX seesaws as gains for energy offset broader losses
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(Adds details throughout on sectors and stocks, updates prices)
* TSX up 9.31 points, or 0.07 percent, to 13,890.51
* Just three of the TSX's 10 main groups are higher

TORONTO, April 22 (Reuters) - Canada's main stock index
seesawed on Friday as higher oil prices supported energy shares
while consumer, technology and telecom stocks dragged despite
encouraging domestic data.
The most influential movers on the index included Cenovus
Energy Inc CVE.TO , which rose 3.8 percent to C$19.37, and
Canadian Natural Resources Ltd CNQ.TO , which advanced 1.2
percent to C$39.19.
The energy group climbed 1.5 percent, while U.S. crude
CLc1 prices were up 2.3 percent at $44.18 a barrel.
Shares of Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO
rose 7.2 percent to C$45.64. The drugmaker is seeking to appoint
Joseph Papa, Perrigo Co (NYSE:PRGO) Plc's PRGO.N boss, as its new chief
executive officer, a source familiar with the matter said.

At 10:58 a.m. EDT (1458 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 9.31 points, or 0.07
percent, to 13,890.51. Just three of the index's 10 main groups
were higher.
Canadian retail sales rose unexpectedly in February, the
second consecutive monthly increase, and brightened the outlook
for an economy that is on track to rack up strong growth in the
first quarter.
Still, the consumer, technology and telecom groups all fell.
Alimentation Couche-Tard Inc ATDb.TO was down 2.9 percent
at C$54.24, while CGI Group Inc GIBa.TO declined 1.7 percent
to C$60.56 and BCE Inc BCE.TO fell 1.3 percent to C$58.00.

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