BUSINESS Canadian stock market rises due to easing of trade tensions

BUSINESS

Canadian stock market rises due to easing of trade tensions

Xinhua

09:48, December 04, 2018

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TORONTO, Dec. 3 (Xinhua) -- Canada's main stock market rose Monday as the trade tensions between the United States and China eased.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index rose 77.16 points, or 0.51 percent, to close the day at 15,274.98 points.

The Canadian dollar added 0.26 cents at 0.75.69 U.S. dollar.

The energy group rose 5.87 points, or 3.95 percent while the financial sector slipped 0.59 points, or 0.2 percent.

On the market, 149 issues rose and 94 stocks fell. There were 2 new highs and 8 new lows, with total volume of 294.1 million shares traded.

Crescent Point Energy Corp. soared 40 cents, or 10.15 percent, 4.34 Canadian dollars while Cenovus Energy Inc. shot up 1.17 dollars, or 11.91 percent, to 10.99 Canadian dollars and Encana Corp. rose 46 cents, or 5.14 percent, to 9.41 Canadian dollars.

Among materials stocks, Agnico Eagle Mines gained 58 cents, or 1.2 percent, to 47.31 Canadian dollars while First Quantum surged 1.30 dollars, or 10.6 percent, to 13.50 Canadian dollars.

Among the gold group, Barrick Gold climbed 24 cents, or 1.4 percent, to 17.17 Canadian dollars while Goldcorp was up 17 cents, or 1.4 percent, to 12.49 Canadian dollars.

The most heavily traded shares by volume were Aphria Inc., Aurora Cannabis Inc. and Bombardier Inc.

Aphria Inc. fell 2.91 dollars, or 27.69 percent, to 7.60 Canadian dollars on 32.8 million shares while Aurora Cannabis Inc. lost eight cents, or 1.05 percent, to 7.52 Canadian dollars on 16.9 million shares and Bombardier Inc. gained four cents, or 1.8 percent, to 2.26 Canadian dollars on 12.1 million shares.

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