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Canadian stocks inch up due to gains in energy, mining sectors

Xinhua,December 12, 2017 Adjust font size:

TORONTO, Dec. 11 (Xinhua) -- Canadas main stock index inched up Monday, pushed by gains in energy and mining sectors.

The Toronto Stock Exchange's S&P/TSX composite index climbed 7.44 points, or 0.05 percent, to close the day at 16,103.51.

Five of the index's 10 main groups rose with advancers just outnumbering decliners overall.

The energy group climbed 0.6 percent, with Suncor Energy Inc going up one percent to 44.69 Canadian dollars (one U.S. dollar is worth 1.2847 Canadian dollars) as oil prices rallied.

Potash Corp added 1.9 percent to 24.78 Canadian dollars and Agrium Inc gained 1.7 percent to 138.84 Canadian dollars as the two fertilizer companies move closer to a merger.

The materials group added 0.5 percent. First Quantum Minerals Ltd soared 5.3 percent to 15.90 Canadian dollars.

Shopify Inc jumped 3.3 percent to 133.80 Canadian dollars. Enditem