Canadian shares rise heavyweight sectors key movers


(MENAFN- ProactiveInvestors) Canadian shares advanced on Tuesday led by the three heavyweights-materials energy and financials.

The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.2% to 13033 at 11:59 a.m. in Toronto. The benchmark gauge has lost 11% this year.

The materials sub-index which includes mining shares gained 1.2% even as gold futures turned lower. Barrick Gold (TSE:ABX) Canada’s second-largest gold miner gained 0.6% to C$8.44 paring this year’s plunge to 32%. First Quantum Minerals (TSE:FM) a copper miner added 1.1% to C$4.70.

December gold surrendered 0.1% to trade at $1131 an ounce on Comex.

The energy sector rose 0.7% as oil Canada’s largest export headed higher on Tuesday. Suncor Energy (TSE:SU) Canada's largest oil sands producer edged up 0.5% to C$34.76. Canadian Natural Resources Limited (TSE:CNQ) Canada’s second-largest energy producer gained 0.9% to C$25.70.

November West Texas Intermediate crude tacked on 2.3% to $45.47 a barrel on the New York Mercantile Exchange. 

Financials the index's most heavily weighted sector inched up 0.2%. Royal Bank of Canada (TSE:RY) which has the heaviest weighting in the index rose 0.5% to C$71.42. Toronto-Dominion Bank (TSE:TD) the second-largest bank by market value added 0.3% to C$51.26. 

 

 



Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.