Renewable Energy

TSX edges higher as financial shares rise

Credit: REUTERS/CHRIS HELGREN

Canada's main stock index edged higher on Monday, as shares of financial companies gained ahead of a key U.S. Federal Reserve policy meeting that could determine the path of future interest rate cuts.

June 17 (Reuters) - Canada's main stock index edged higher on Monday, as shares of financial companies gained ahead of a key U.S. Federal Reserve policy meeting that could determine the path of future interest rate cuts.

* The U.S. central bank is expected to leave borrowing costs unchanged at the end of the meeting, but analysts expect data to show that a growing number of policymakers are open to cutting rates in the coming months.

* Interest-rate sensitive financial companies .SPTTFS rose 0.5%.

* At 9:53 a.m. ET (13:53 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 22.2 points, or 0.14%, at 16,324.11.

* The materials sector .GSPTTMT, which includes precious and base metals miners and fertilizer companies, added 0.3%. GOL/MET/L

* Only the energy sector .SPTTEN was trading 0.1% lower as U.S. crude CLc1 prices were down 0.9% a barrel, while Brent crude LCOc1 lost 0.5%. O/R

* Healthcare sector, which was up 0.9%, led gains on the main index as shares of cannabis producers rose. Canopy Growth Corp WEED.TO and Aurora Cannabis Inc ACB.TO supported the sector.

* On the TSX, 144 issues were higher, while 89 issues declined for a 1.62-to-1 ratio favouring gainers, with 20.94 million shares traded.

* The largest percentage gainer on the TSX was Alacer Gold Corp ASR.TO, with an 8% rise, which was followed by a 4.1% gain for Bombardier Inc BBDb.TO.

* Fortuna Silver Mines FVI.TO fell 3.9%, the most on the TSX, and the second biggest decliner was Uni-Select Inc UNS.TO, down 3.8%.

* The most heavily traded shares by volume were Bombardier, Argex Titanium Inc RGX.TO and Royal Nickel RNX.TO.

* The TSX posted 15 new 52-week highs and seven new lows.

* Across all Canadian issues, there were 56 new 52-week highs and 19 new lows, with total volume touching 37.15 million shares.

(Reporting by Amy Caren Daniel in Bengaluru; Editing by James Emmanuel)

((Amy.CarenDaniel@thomsonreuters.com ; within U.S. +1-646-223-8780; outside U.S. +91 80 6749 9250 ; Reuters Messaging: Amy.CarenDaniel.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.

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More