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By Reuters Staff
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May 10 (Reuters) - Canada’s main stock index rose on Monday as material stocks tracked gains in gold prices, while energy stocks jumped as oil prices edged higher after a cyber attack on a U.S. pipeline operator sparked supply concerns. At 09:31 a.m. ET (1331 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 61.35 points, or 0.32%, at 19,534.09. (Reporting by Shivani Kumaresan in Bengaluru; Editing by Maju Samuel)
By Reuters Staff
2 Min Read
May 10 (Reuters) - 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. The materials sector, which includes precious and base metals miners and fertilizer companies, added nearly 1%. The energy sector 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.
By Reuters Staff
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May 7 (Reuters) - Canada’s main stock index opened higher on Friday as material stocks rose tracking gold prices, which were set for their best week in six months on lower dollar and Treasury yields. At 14:33 a.m. ET (13:33 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 33.44 points, or 0.17%, at 19,324.42. (Reporting by Shivani Kumaresan in Bengaluru; Editing by Shailesh Kuber)
By Reuters Staff
2 Min Read
May 7 (Reuters) - Canada’s main stock index rose on Friday, boosted by material stocks after gold prices gained, although a fall in energy stocks limited gains. Gold prices extended gains after breaching the key $1,800 level in the previous session, boosted by a weaker dollar and lower Treasury yields. That helped the materials sector, which includes precious and base metals miners, rise nearly 1%. At 9:41 a.m. ET (1341 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 74.85 points, or 0.39%, at 19,365.83. The energy sector dropped 0.3% as U.S. crude prices were down 0.8% a barrel and Brent crude lost 0.8%.