Material, healthcare stocks pull TSX higher

28 May, 2019

Canada's main stock index rose on Monday boosted by the healthcare sector and material stocks as gold prices hit a more than one-week peak and US-China trade tensions curbed risk appetite.
At 9:55 a.m. EDT (13:55 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 18.49 points, or 0.11%, at 16,248.53.
The Canadian dollar CAD=D4 was little changed against its US counterpart on Monday, trading in a narrow range ahead of a Bank of Canada interest rate decision later in the week.
Seven of the index's 11 major sectors were higher, led by healthcare, which rose about 1%.
The materials sector, which includes precious and base metals mining companies added 0.3% as gold prices rose.
The financials sector gained 0.1%, while the industrials sector rose 0.2%.
The energy sector dropped 0.1% as US crude prices were down 0.4% a barrel, while Brent crude added 0.5%.
On the TSX, 157 issues were higher, while 73 declined for a 2.15-to-1 ratio favoring gainers, with 10.20 million shares traded.
The largest percentage gainers on the TSX were Eldorado Gold Corp, which jumped 11.2% and Cronos Group Inc, which rose 4.8%.

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