Canada's main stock index edged higher on Monday morning as financial stocks led a broader rising trend while the heavyweight energy sector fell with lower oil prices. At 10:08 a.m. EST (1508 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 7.15 points, or 0.04 percent, at 16,005.72. Seven of its 10 main sectors rose. The financials group, which contributes more than a third to the index's overall weight, gained 0.2 percent.
The energy group, which accounts for almost one-fifth of the index's weight, retreated 1.1 percent. Canadian Natural Resources Ltd lost 1.8 percent to C$43.75 and Cenovus Energy Inc fell 2.4 percent to C$12.67. TransCanada Corp, which is awaiting approval from Nebraska regulators for its Keystone XL project later on Monday, was up 0.1 percent at C$62.59.
Comments
Comments are closed.