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CANADA STOCKS-TSX tracks Wall Street higher on U.S. stimulus hopes

Credit: REUTERS/CHRIS HELGREN

Canada's main stock index rose on Tuesday, in line with Wall Street gains, as optimism around Washington lawmakers agreeing on a U.S. stimulus deal before the presidential election offset weakness in energy shares due to lower crude prices.

Oct 20 (Reuters) - Canada's main stock index rose on Tuesday, in line with Wall Street gains, as optimism around Washington lawmakers agreeing on a U.S. stimulus deal before the presidential election offset weakness in energy shares due to lower crude prices.

* At 9:37 a.m. ET (1337 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 25.44 points, or 0.16%, at 16,299.51.

* The energy sector .SPTTEN dropped 0.2% as U.S. crude CLc1 prices were down 1% a barrel, while Brent crude LCOc1 lost 0.8%. O/R

* The biggest percentage gainer on the TSX was lumber provider Interfor Corporation IFP.TO, jumping 5.5% after TD Securities raised its stock rating, followed by Ero Copper Corp ERO.TO, which rose 4.9%.

* The materials sector .GSPTTMT, which includes precious and base metals miners and fertilizer companies, added 0.8% despite gold futures GCc1 fell 0.4% to $1,899 an ounce. GOL/

* On the TSX, 141 issues were higher, while 76 issues declined for a 1.86-to-1 ratio favouring gainers, with 10.34 million shares exchanging hands.

* Weed stocks Aurora Cannabis Inc <ACB.TO> and Canopy Growth Co <WEED.TO> were the biggest decliners, falling 5.8% and 4.0%, respectively.

* The most heavily traded stocks by volume were Royal Bank of Canada <RY.TO>, Valeura Energy Inc <VLE.TO> and New Millennium Iron Corp <NML.TO>.

* The TSX posted one new 52-week highs and no new lows.

* There were six new 52-week highs and two new lows across all Canadian issues, with total volume of 19.32 million shares.

(Reporting by Amal S in Bengaluru; Editing by Rashmi Aich)

((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 3677;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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