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Canadian stock goes up as oil prices rally

Xinhua,December 08, 2017 Adjust font size:

TORONTO, Dec. 7 (Xinhua )-- Canada's main stock index rose Thursday because of gains among energy stocks as oil prices rallied

The Toronto Stock Exchange's S&P/TSX composite index rallied 106.9 points, or 0.67 percent, to close at 16,015.68. Nine of its 10 main groups in energy sector closed up.

The Canadian dollar closed at an average trading value of 0.77.86 U.S. dollar, down 0.53 U.S. cent.

Black Berry rose 1.3 percent to 13.22 Canadian dollars (10 U.S. dollars) after announcing it would expand its partnership with chipmaker Qualcomm into automotive systems on a non-exclusive basis.

Dollarama advanced 2.4 percent to 153.25 Canadian dollars (118 U.S. dollars).

The energy group added one percent, with Suncor Energy up 0.9 percent to 43.94 Canadian dollars (33.8 U.S. dollars) and Canadian Natural Resources up one percent to 44.62 Canadian dollars (34.3 U.S. dollars).

Among industrials group, Westjet Airlines rallied 1.9 percent to 26.89 Canadian dollars 20.7 U.S. dollars). Enditem