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CANADA STOCKS-TSX rises as materials, energy boost

05/10/2021 10:09
CANADA STOCKS-TSX rises as materials, energy boost

- Canada's main stock index rose on Monday, as heavyweight energy and material stocks climbed 1% boosted by higher commodity prices.

* Gold prices gained as the tepid U.S. jobs number last week cemented expectations that interest rates will remain low for some time, denting the dollar and boosting non-yielding metal's appeal. GOL/

* The materials sector .GSPTTMT, which includes precious and base metals miners and fertilizer companies, added nearly 1%.

* The energy sector .SPTTEN also rose 1% as oil prices gained after a cyberattack forced the shutdown of major fuel pipelines in the United States and raised concerns about supply disruption, outweighing rising coronavirus cases in Asia.

* At 09:38 a.m. ET (1338 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 26.96 points, or 0.14%, at 19,499.7.

* On the TSX, 136 issues were higher, while 89 issues declined for a 1.53-to-1 ratio favouring gainers, with 15.89 million shares traded.

* The largest percentage gainers on the TSX were Ero Copper Corp ERO.TO, which jumped 3.3%, and Labrador Iron Ore Royalty LIF.TO, which rose 3.3%, after TD Securities raised its target price on the stock to C$48 from C$44.

* Village Farms International Inc VFF.TO fell 8.6%, the most on the TSX, after the company posted a quarterly loss of 10 cents per share. nASA0256S

* The second biggest decliner was Ballard Power Systems Inc BLDP.TO, down 5.5%.

* The most heavily traded shares by volume were Nevada Copper Corp NCU.TO, Tetra Bio-Pharma Inc TBP.TO and Zenabis Globol Inc ZENA.TO.

* The TSX posted 33 new 52-week highs and one new low.

* Across all Canadian issues there were 166 new 52-week highs and 14 new lows, with total volume of 45.28 million shares.

(Reporting by Shivani Kumaresan in Bengaluru; Editing by Amy Caren Daniel)

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