TORONTO: Canada’s main stock index rose on Thursday as gains for energy companies, financial stocks and some miners offset a pullback in marijuana producers and a slip in Shaw Communications Inc after its quarterly earnings disappointed.
At 10:00 a.m. EST (1500 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 40.46 points, or 0.25 percent, at 16,288.41.
Half of its 10 main sectors were in positive territory, while advancing issues barely outnumbered decliners overall.
The energy group climbed 1.4 percent, as crude oil prices pushed higher, with Cenovus Energy Inc up 3.4 percent at C$13.55 and Canadian Natural Resources Ltd rising 1.7 percent to C$46.56.
The most influential weights on the index included Shaw Communications, which fell 1.7 percent to C$27.48 after reporting quarterly earnings that missed expectations.
Marijuana producers, a volatile but broadly rising sector, also weighed, with Aphria Inc down 5.0 percent at C$21.46 and Canopy Growth Corp off 3.9 percent at C$40.27.
The materials group, which includes precious and base metals miners and fertilizer companies, added 0.2 percent.
Alamos Gold Inc fell 3.9 percent to C$7.63 while Yamana Gold Inc rose 1.9 percent to C$4.08 after each miner provided a business update to investors.
Source: Brecorder.com
