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Canadian stock market rebounding

Xinhua,March 27, 2018 Adjust font size:

TORONTO, March 26 (Xinhua) -- Canada's main stock index rebounded Monday after a five-week low as fears of a global trade war receded.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index rose 74.82 points, or 0.49 percent to close the day at 15,298.56. Seven of the index's 10 main groups rose.

The Canadian dollar gained 0.43 cents at 0.77.76 U.S. dollar.

Stcck of auto-parts company Magna International Inc, which is sensitive to trade, jumped 3.9 percent to 71.20 Canadian dollars while the overall consumer discretionary group added 1.4 percent.

The energy group rose 1.1 percent even as oil prices slipped.

Suncor Energy Inc rose 2.8 percent to 44.09 Canadian dollars.

The materials group, which includes precious and base metals miners as well as fertilizer companies added 0.8 percent.

The industrials group climbed 0.8 percent as railroad shares were up and financials, which account for more than one-third of the weight of the TSX, grew 0.3 percent.

The largest percentage gainer was Birchcliff Energy Ltd, which jumped 5.4 percent, while the largest decliner was Eldorado Gold, plunging six percent. Enditem