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TSX gains as material stocks rise on firmer gold prices

05/17/2021 | 10:12am EST

May 17 (Reuters) - Canada's main stock index rose on Monday, lifted by material stocks that gained on rise in gold prices as lower U.S. Treasury yields and inflation worries made bullion more attractive.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.9% as gold futures rose 0.5% to $1,847.2 an ounce.

* At 09:40 a.m. ET (13:40 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 27.44 points, or 0.14%, at 19,394.13.

* Canadian housing starts fell 19.8% in April compared with the previous month on a sharp decline in multiple urban starts, data from the Canadian Mortgage and Housing Corporation showed.

* OMERS Private Equity and the Alberta Investment Management Corporation (AIMCo) have sold a controlling stake in consultancy Environmental Resources Management (ERM) to private equity firm KKR, the Canadian funds said.

* The energy sector climbed 1.4% as U.S. crude prices were up 0.4% a barrel, while Brent crude added 0.3%.

* The financials sector remain unchanged, while industrials fell 0.1%.

* On the TSX, 123 issues were higher, while 99 issues fell in a 1.24-to-1 ratio favoring gainers, with 13.96 million shares traded.

* The largest percentage gainers on the TSX were Endeavour Silver Corp, which jumped 3.9%, and Whitecap Resources Inc, which rose 3.6% after dividend hike.

* Boralex Inc fell 2.9%, the most on the TSX, and the second biggest decliner was Innergex Renewable Energy , down 2.3%.

* The most heavily traded shares by volume were Tetra Bio-Pharma, Whitecap Resources and Zenabis Global Inc.

* The TSX posted 10 new 52-week highs and no new low.

* Across Canadian issues there were 37 new 52-week highs and 18 new lows, with total volume of 31.07 million shares. (Reporting by Shivani Kumaresan in Bengaluru; Editing by Vinay Dwivedi)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BORALEX INC. 2.24% 32 Delayed Quote.-9.75%
GOLD -0.03% 1837.59 Delayed Quote.-0.82%
INNERGEX RENEWABLE ENERGY INC. 1.89% 17.79 Delayed Quote.-6.13%
LONDON BRENT OIL -1.24% 86.11 Delayed Quote.13.65%
WHITECAP RESOURCES INC. -1.48% 8.63 Delayed Quote.17.89%
WTI -0.72% 83.252 Delayed Quote.12.73%
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