CANADA STOCKS-TSX rises as materials sector gains on firmer bullion prices

  • 11/13/2020
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Nov 13 (Reuters) - Canada’s main stock index rose on Friday, recovering from the previous session, as materials stocks gained due to a rise in bullion prices. * The materials sector, which includes precious and base metals miners and fertilizer companies, added 1.7% as gold futures rose 0.2% to $1,877 an ounce. * At 9:41 a.m. ET (14:41 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 139.91 points, or 0.84%, at 16,722.09. * The energy sector climbed 1.6% even though U.S. crude prices were down 0.7% a barrel, while Brent crude lost 0.6%. * Both the financials sector and the industrials sector gained 0.8%. * The biggest percentage gainer on the TSX was CCL Industries Inc, jumping 8.4% after the packaging products maker posted upbeat third-quarter earnings. * CCL was followed by another packaging products maker, Intertape Polymer Group Inc, which rose 7.2% after multiple brokerages turned bullish on the company. * On the TSX, 197 issues gained, while 23 declined in a 8.57-to-1 ratio favoring gainers, with 24.57 million shares traded. * Altus Group Ltd fell 5.8%, the most on the TSX, followed by Fortuna Silver Mines Inc, down 3.9%, after the miner’s third-quarter adjusted profit fell below analysts’ estimates. * The most heavily traded shares by volume were Manulife Financial Corp, Enbridge Inc, and Zenabis Global Inc. * The TSX posted three new 52-week highs and no new low. * Across all Canadian issues, there were 16 new 52-week highs and one new low, with 38.17 million shares traded. (Reporting by Amal S in Bengaluru)

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