CANADA STOCKS-TSX falls as material stocks weigh

  • 6/3/2021
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(Updates prices, adds sector details) June 3 (Reuters) - Canada’s main stock index fell on Thursday from a record high scaled in the previous session, as material stocks tracked weakness in gold prices following strong U.S. jobs data. * The materials sector, which includes precious and base metals miners and fertilizer companies, lost 2.5% as gold futures fell 1.6% to $1,876.5 an ounce. * At 09:38 a.m. ET (13:38 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 25.19 points, or 0.13%, at 19,945.96. * Inter Pipeline said it recommends Pembina Pipeline Corp’s proposal over Brookfield Infrastructure Partners LP’s higher takeover offer to its shareholders. * A fight over Canadian nickel-copper miner Noront Resources shows the scramble for battery metals is accelerating, with global miners racing to secure supply ahead of an expected surge in demand from electric vehicles. * The financials sector gained 0.2%. The industrials sector rose 0.3%. * On the TSX, 84 issues were higher, while 138 issues declined for a 1.64-to-1 ratio to the downside, with 29.45 million shares traded. * The largest percentage gainers on the TSX were Blackberry Ltd, which jumped 17.3%, and Tilray Inc Ord, which rose 10.7%. * Endeavour Silver Corp fell 6.1%, the most on the TSX. The second biggest decliner was New Gold Inc, down 5.2%. * The most heavily traded shares by volume were Blackberry Ltd, Hydro One Limited and Great-West Lifeco . * The TSX posted 8 new 52-week highs and no new lows. * Across all Canadian issues there were 33 new 52-week highs and 2 new lows, with total volume of 46.17 million shares. Reporting by Shivani Kumaresan in Bengaluru; Editing by Subhranshu Sahu Our Standards: The Thomson Reuters Trust Principles.

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