CANADA STOCKS-TSX falls as technology stocks lead declines

  • 12/10/2020
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Dec 10 (Reuters) - Canada’s main stock index fell on Thursday, after hitting its highest since February in the previous session, pressured by losses in technology companies. * Nine of the index’s 11 major sectors fell, led by the technology sector, which shed 1.34%. * IT firms Kinaxis Inc and Lightspeed POS Inc , fell 2.5% and 1.89%, respectively, while Apparel maker Canada Goose Holdings Inc fell 3.5%, the most on the TSX. * At 09:48 a.m. ET (1448 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 46.95 points, or 0.27%, at 17,512.91. * The energy sector climbed 1.4%, as U.S. crude prices were up 2.1% a barrel and Brent crude added 2.1%. * The materials sector, which includes precious metal miners, added 0.5%, tracking gold prices. * On the TSX, 104 issues were higher, while 116 issues declined for a 1.12-to-1 ratio to the downside, with 27.12 million shares traded. * The largest percentage gainer on the TSX was MEG Energy Corp, which jumped 5.9%, after Goldman Sachs raised its price target on the oil producer’s stock, followed by Whitecap Resources Inc, which rose 5.5%. * The most heavily traded shares by volume were Canadian Natural Resources Limited, BCE Inc and Air Canada. * The TSX posted five new 52-week highs and no new low. * Across all Canadian issues there were 16 new 52-week highs and three new lows, with total volume of 51.59 million shares.

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