Off the wire
• News Analysis: Marco Rubio's U.S. presidential bid pits privilege against grit  • Mexico approves free trade deal with Panama  • 1st LD Writethru: U.S. oil price rise amid supply forecast  • Humanitarian aid being rushed to over 90,000 fleeing clashes in Iraq's Anbar: UN  • UN celebrates Chinese Language Day with folk songs, exhibitions  • 1st LD Writethru: U.S. stocks rebound strongly on China stimulus  • China "uncomfortable with" U.S. negative list for investment treaty talks: Lou  • UN chief urges EU to accelerate support for addressing migrant issue  • Experts call for China-U.S. cooperation on renewable energy  • Iran charges U.S. reporter with four crimes: report  
You are here: 　 Home

Roundup: Canadian stock market rises over rising shares of miners, financials

Xinhua, April 21, 2015 Adjust font size:

Canada's main stock market in Toronto on Monday ended higher as rising miners' and financials shares strengthened the trading sentiment.

Toronto Stock Exchange's benchmark S&P/TSX Composite Index was up 52.05 points, or 0.34 percent, to 15,412.60 points, with five of the eight major sectors in the green.

Metals and Mining shares jumped 2.34 percent, leading the TSX gainers as First Quantum Minerals Ltd. spiked 6.88 percent to 16. 62 Canadian dollars (about 13.59 U.S. dollars) and Teck Resources Ltd. rebounded 2.55 percent to 16.92 Canadian dollars from a slump of 1.49 percent last Friday.

The Index's most weighed sector Financials climbed 0.5 percent when Bank of Canada Governor Stephen Poloz insisted Monday that his bank's decision to impose an interest rate cut in January is enough to offset the negative impact of the falling oil prices on Canadian economy.

Most of the financial stocks including those of banks were gaining some momentum. Canada's second largest bank TD added 0.72 percent to 56.15 Canadian dollars a share.

Also, the energy sector helped pushed up the index when the oil prices rallied in the midday trading. The sector was up 0.27 percent on the closing bell. Suncor Energy Inc. rose 0.37 percent to 40.27 Canadian dollars and Encana Corp. jumped 3.76 per cent to 16.65 Canadian dollars per share.

Meanwhile, Industrials soared 1 percent as Canadian National Railway Company moved higher 2.65 percent to 83.35 Canadian dollars before the Montreal-based railroad operator announced the upbeat net income report and declared the dividend of the second quarter 2015.

However, Healthcare slipped 0.16 percent when Concordia Healthcare Corp. dropped 0.97 percent to 91.80 Canadian dollars a share.

Another loser Telecom also gave back 0.35 percent as Manitoba Telecom Services Inc. slumped 2.30 percent to 25.47 Canadian dollars a share.

On the currency front, the Canadian dollar on Monday closed almost flat at 0.8177 U.S. dollar, compared with 0.8178 U.S. dollar last Friday, after Bank of Canada Governor Poloz's remarks. Endite