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Canadian Stock Market up Thursday-Oct 19
 

Canada's main stock market rose Thursday thanks to climbing financial and industrial shares while lower oil prices weighed on energy stocks.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index rose 35.84 points, or 0.23 percent to close Thursday at 15,818.00. Five of the stock's 10 main groups ended higher.

Royal Bank of Canada, the country's biggest bank, rose 0.8 percent to 100.82 Canadian dollars while the overall financials group added 0.5 percent. The group has soared more than nine percent since September.

The materials sector, which includes precious and base metals miners and fertilizer companies, edged up 0.4 percent. The price of gold rebounded from one-week lows as a rally in equities and the U.S. dollar lost some momentum.

However, copper prices fell for a third straight day as investors took profits after prices gained over 7,000 U.S. dollars a ton for the first time since September 2014 earlier this week and after data showed economic growth in China was in line with expectations.

Rogers Communications Inc was among the biggest drags on the index, falling 1.2 percent to 66.05 Canadian dollars as it signed up fewer internet customers than expected. The decline also comes after shares have gained more than six percent over the last three weeks.

The energy group declined 0.5 percent as the price of oil fell, with Encana Corp down 2.0 percent to 14.40 Canadian dollars.


(www.chinaview.cn 2017-10-20)
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