CANADA STOCKS-Cannabis shares, dismal wholesale trade data drive TSX lower

  • 2/12/2021
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(Updates prices, adds sector details) Feb 12 (Reuters) - Canada’s main stock index inched lower on Friday, dragged down by stocks of cannabis companies and a dismal wholesale trade data, while further losses were capped by strength in financial stocks. * The healthcare sector shed 1.7%, as cannabis companies including Aphria Inc, Cronos Group, and Hexo Corp fell over 1% in early trade. * Statistics Canada data showed that the domestic wholesale trade fell by 1.3% in December from November. * The financials sector gained 0.7%, led by the largest percentage gainers on the index, CI Financial Corp and iA Financial Corporation Inc, which jumped 6.8% and 4.1% respectively. * At 09:58 a.m. ET (14:58 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 12.63 points, or 0.07%, at 18,380.36. * Adding to the downbeat mood, the energy and materials sectors, dropped 0.3% and 0.6% respectively. * Agnico Eagle Mines Ltd fell 6.4%, the most on the TSX, after the gold producer reported dismal fourth-quarter results. Renewable power producer Innergex Renewable Energy Inc was the second biggest decliner, down 4.7%. * On the TSX, 82 issues advanced, while 132 issues declined in a 1.61-to-1 ratio favoring losers, with 30.19 million shares traded. * The most heavily traded shares by volume were Supreme Cannabis Company Inc, SOPerior Fertilizer Corp , and Zenabis Global Inc. * The TSX posted seven new 52-week highs and no new low. * Across Canadian issues, there were 61 new 52-week highs and seven new lows, with total volume of 91.84 million shares. (Reporting by Amal S in Bengaluru; Editing by Vinay Dwivedi)

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