CANADA STOCKS-TSX up at open as energy stocks gain

(click here for updates on stories across the country – the latest being all cabinet ministers leaving for Camp David for a multi-day meeting) TORONTO, July 30 (Reuters) – The Toronto Stock Exchange’s S&P/TSX…

CANADA STOCKS-TSX up at open as energy stocks gain

(click here for updates on stories across the country – the latest being all cabinet ministers leaving for Camp David for a multi-day meeting)

TORONTO, July 30 (Reuters) – The Toronto Stock Exchange’s S&P/TSX rose 64.87 points, or 0.42 percent, to 16,121.53.

The key S&P/TSX energy index rose 1.1 percent and weighed most on the index, with shares of AltaGas Ltd up 5.2 percent at C$38.55 and Encana Corp up 6.7 percent at C$15.24.

U.S. crude prices were up 1.8 percent at $70.15 a barrel, while Brent crude added 1.9 percent to $73.98.

All of the TSX’s 10 main groups were higher, with two advancers for every one decliner. The gainers outnumbered the decliners by 128 to 86, for a 1.62-to-1 ratio on the upside.

In Canada, the financials group rose 0.4 percent, with Brookfield Asset Management Inc up 1.9 percent at C$44.21 and MDC Partners Inc up 2.7 percent at C$29.35.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 0.2 percent.

Copper prices advanced 0.7 percent to $6,079.5 a tonne, while gold futures fell 0.6 percent to $1,223.8 an ounce. (Reporting by Solarina Ho Editing by Susan Thomas)

Leave a Comment