Off the wire
• Thailand declares Friday as mourning day for late king  • Cuba receives humanitarian aid from Venezuela for Hurricane Matthew victims  • Pacific nations warned to be vigilant for coming cyclone season  • Mexican government expresses condolences on Thai king's passing  • Tokyo stocks end morning mixed as U.S. data, Fed speech eyed  • ADB offers Vietnam 231 mln USD in loan to enhance power transmission network  • 1st LD-Writethru: China's producer price ends decline streak in Sept.  • Brazilian soccer standings  • US PGA Tour Safeway Open leading scores  • 1st LD: China consumer prices up 1.9 pct in September  
You are here: 　 Home

Canadian stock market rally to end session up

Xinhua, October 14, 2016 Adjust font size:

Canada's main stock ended on Thursday with a slight gain as energy stocks weighed in.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index ticked up 24.74 points, or 0.17 percent, to close at 14,634.71 points. Six of the ten sub-sectors in the index moved up during the day.

Toronto stocks opened down 145.79 points and slid to a one-week low. Later in the morning, Statistics Canada reported a 0.2 percent increase in New Housing Price Index for August, including a 0.7-percent increase in the Toronto and Oshawa region. Markets responded favorably to this data and eventually climbed out of negative territory by the afternoon.

The TSX Energy group had the biggest gain on the day, advancing 0.59 percent. Shares of Calgary-based Baytex Energy Corp. and Encana Corporation rose 1.26 percent to 5.64 Canadian dollars (4.27 U.S. dollars) and 1.24 percent to 14.75 Canadian dollars (11.17 U.S. dollars), respectively.

The Financial sector was up a modest 0.18 percent, despite ECN Capital Corp. shares falling 2.91 percent to 3.00 Canadian dollars (2.27 U.S. dollars) after a merger agreement with INFOR Acquisition Corp. from two weeks ago was canceled. ECN Capital Corp. stocks were also the most actively traded with a volume in excess of 10 million shares.

Vancouver-based gold miner B2Gold Corp. was also heavily traded on the day, as stocks soared 5.79 percent to 3.29 Canadian dollars (2.49 U.S. dollars) after releasing favorable production data from the third quarter for their operations in Philippines, Namibia and Nicaragua.

Outside of the ten sub-sectors, Montreal-based Amaya Inc. stocks plummeted 6.20 percent to 21.50 Canadian dollars (16.29 U.S. dollars) after the large shareholder of William Hill, the company rumored to acquire Amaya, wrote an open letter to other shareholders to vote against the purchase.

Brent crude oil price climbed 0.44 percent for December delivery to close at 52.04 U.S. dollars a barrel in London. Meanwhile, copper prices dropped to a one-month low, ending the session down 2.5 percent to 2.1220 U.S. dollars a pound.

The Canadian dollar closed the day up 0.0034 to 0.7575 U.S. dollars, compared to Wednesday's closing rate of 0.7541 U.S. dollars. Endit