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Materials drive TSX higher, Husky falls on weak results

Credit: REUTERS/MARK BLINCH

Canada's main stock index rose on Thursday as gains in shares of gold miners and a string of positive earnings helped offset a drop in Husky Energy following disappointing results.

Oct 24 (Reuters) - Canada's main stock index rose on Thursday as gains in shares of gold miners and a string of positive earnings helped offset a drop in Husky Energy following disappointing results.

* At 9:55 a.m. ET (13:55 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 67.37 points, or 0.41%, at 16,403.3.

* Better-than-expected results from Canadian Pacific Railway Ltd CP.TO, Teck Resources Ltd TCKb.TO and Agnico Eagle Mines Ltd AEM.TO pushed their shares between 1% and 3.5% higher.

* Ten of the index's 11 major sectors gained, with the materials sector .GSPTTMT, which includes precious and base metals miners, leading the rally on the back of higher gold prices. GOL/

* The energy sector .SPTTEN made the smallest gains, up 0.1%, as higher oil prices were offset by a 4% slump in shares of Husky Energy Inc HSE.TO after it reported a 50% drop in quarterly profit.

* The financials sector .SPTTFS gained 0.2%, while the industrials sector .GSPTTIN rose 0.9%.

* On the TSX, 157 issues were higher, while 70 issues declined for a 2.24-to-1 ratio favouring gainers, with 15.34 million shares traded.

* The largest percentage gainers on the TSX were Mullen Group Ltd <MTL.TO>, up 8.9%, and Agnico Eagle Mines <AEM.TO>, up 4.6%.

* Firstservice Crp <FSV.TO> fell 3.1%, the most on the TSX.

* The most heavily traded shares by volume were Coro Mining Corp <COP.TO>, Royal Bank of Canada <RY.TO>, and Bank Of Montreal <BMO.TO>.

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

* Across all Canadian issues there were 15 new 52-week highs and five new lows, with total volume of 24.07 million shares.

(Reporting by Agamoni Ghosh; Editing by Aditya Soni)

((Agamoni.Ghosh@thomsonreuters.com; +918067491130; Reuters Messaging: Agamoni.Ghosh.thomsonreuters.com@reuters.net))

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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