Renewable Energy

TSX rises as energy shares gain on oil spike

Credit: REUTERS/CHRIS HELGREN

Canada's main index rose on Thursday, lifted by the heavy-weight energy sector as crude prices rallied over 4% following a suspected tanker attack near Iran.

June 13 (Reuters) - Canada's main index rose on Thursday, lifted by the heavy-weight energy sector as crude prices rallied over 4% following a suspected tanker attack near Iran.

* The energy sector .SPTTEN climbed 0.7%, the most among the five major sectors trading higher. O/R

* At 9:51 a.m. ET (13:51 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 22.34 points, or 0.14%, at 16,249.58.

* Dollarama Inc DOL.TO jumped 6.2%, among the biggest gainers, after the discount retailer raised its full-year comparable sales forecast and posted a stronger-than-expected rise in quarterly revenue.

* The main index has risen 1.3% so far this month, rebounding from the worst monthly show of the year in June that was sparked by fears of a global economic slowdown following a sudden escalation in U.S.-China trade tensions.

* A survey showed that Canadian exporters' confidence fell to a seven-year low in a survey released on Thursday amid the disruption caused by the trade wars and the imposition of U.S. tariffs.

* The materials sector .GSPTTMT, which includes precious and base metals miners and fertilizer companies, added 0.4% as gold prices were supported by expectations of an interest rate cut by the U.S. Federal Reserve. GOL/

* The largest percentage gainer on the TSX was Alacer Gold Corp ASR.TO, which jumped 13.4%, after the company raised 2019 forecast for oxide production.

* On the TSX, 150 issues were higher, while 81 issues declined for a 1.85-to-1 ratio favoring gainers, with 18.86 million shares traded.

* Hexo Corp HEXO.TO fell 6.3%, the most on the TSX, after the cannabis products distributor's third-quarter results

* The second biggest decliner was The North West NWC.TO, down 2.8%.

* Among the most heavily traded shares by volume were Spectra7 Microsystems Inc <SEV.TO and Hexo.

* The TSX posted four new 52-week highs and one new low.

* Across all Canadian issues there were 23 new 52-week highs and six new lows, with total volume of 31.71 million shares.

(Reporting by Amy Caren Daniel in Bengaluru; Editing by Sriraj Kalluvila)

((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.

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