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Canadian stock market keeps rising

Xinhua,April 20, 2018 Adjust font size:

TORONTO, April 18 (Xinhua) -- Canada's main stock index rose for the fifth straight day on Wednesday to reach a four-week high due to the booming stocks of energy and metal groups.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index rose 176.67 points, or 1.15 percent, to end the day at 15,529.97. All of the main groups were up.

The Canadian dollar fell 42 cents to 79.23 U.S. dollars on Wednesday.

The energy sector rose, as prices of oil, rallied on rising supply concerns. Enbridge moved up 43 cents, or one percent, to 41.81 Canadian dollars, and Canadian Natural Resources rose 3.6 percent to 45.27 Canadian dollars.

Materials triumphed, as one of the largest percentage gainers was First Quantum Minerals, which rose surged 6.7 percent 18.60 Canadian dollars while Teck Resources climbed 3.1 percent 34.04 Canadian dollars.

In the health-care sector, Canopy Growth added 2.7 percent to 30.65 Canadian dollars while Valeant Pharmaceuticals rose 1.5 percent to 22.04 Canadian dollars.

Among industrials, SNC-Lavalin gained 2.2 percent to 56.56 Canadian dollars after saying it had signed a deal with Saudi Aramco to install added facilities at a major plant in Saudi Arabia.

The largest percentage gainer was Torc Oil & Gas, which rose 9.9 percent, while the largest decliner was Alaris Royalty, down 6.7 percent. Enditem