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Energy Sector Leads Canadian Stocks Higher

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04/12/2019 | 02:31pm EDT

By Francesca Fontana

Toronto stocks finished higher Friday, as the S&P/TSX Composite Index gained 81 points, or 0.5%, to 16480. The blue-chip S&P/TSX 60 Index added 5 points, or 0.6%, to 984.

Stocks were led higher by energy companies after oil prices rose Friday, with West Texas Intermediate futures, the U.S. oil benchmark, ending 0.5% higher at $63.89 a barrel on the New York Mercantile Exchange.

Among the top gainers of the day were energy companies Encana, with shares up 5.3%, and Crescent Point Energy, up 5.2%, along with marijuana company Canopy Growth, up 5.4%.

Shale stocks like Encana also got a lift from Chevron's announcement that it has agreed to acquire Anadarko in a cash-and-stock deal valued at roughly $33 billion.

Write to Francesca Fontana at francesca.fontana@wsj.com

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