Canadian stock market hit two-week high
Xinhua,December 09, 2017 Adjust font size:
TORONTO, Dec. 8 (Xinhua) -- Canada's main stock index surged to a two-week high Friday due to advancing financial and industrial shares while energy stocks jumped.
The Toronto Stock Exchange's S&P/TSX composite index rose 80.39 points, or 0.5 percent to close the day at 16,096.07.
The Industrials sector jumped 1 percent because of gains for the country's two main railway companies, while the heavyweight financials group rose 0.5 percent.
Oil pipeline operator Kinder Morgan Canada Ltd KML.TO rallied almost 5 percent to 17.48 Canadian dollars.
The overall energy group added 0.6 percent.
Among the most influential gainers on the index was Valeant Pharmaceuticals International Inc VRX.TO, which soared 11.8 percent to 5.36 Canadian dollars
The materials sector, which includes precious and base metals miners and fertilizer companies, climbed 0.6 percent. Enditem