Arab Today, arab today canadian stock market edges up as energy rally offsets losses by miners shares
Last Updated : GMT 04:07:06
Arab Today, arab today
Arab Today, arab today

Canadian stock market edges up as energy rally offsets losses by miners' shares

Arab Today, arab today

Arab Today, arab today Canadian stock market edges up as energy rally offsets losses by miners' shares

Toronto stock Exchange
Toronto - XINHUA

Canada's main stock market in Toronto stayed in the positive territory Thursday as gains driven by energy shares overpowered severe losses from the mining sector due to disappointing quarterly financial results.

Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index added 80.98 points, or 0.57 percent, to 14,382.78 points.

A slump both in bullion and basic metals prices in the commodities market weighed on the intra-day trading sentiment. Metals and mining shares dived 5.02 percent on the closing bell, after most of the heavyweights reported downbeat quarterly financial reports.

In individual companies' performance, Goldcorp Inc., the biggest gold stock by market value in TSX, plunged 1.38 percent to 16.46 Canadian dollars (about 12.65 U.S. dollars) after it reported an adjusted net earnings of 65 million U.S. dollars in the second quarter, compared to 164 million U.S. dollars in the second quarter of 2014.

Meanwhile, First Quantum Minerals Ltd., the biggest negative mover in the sector Thursday, shrank 10.44 percent to 10.12 Canadian dollars, as the basic metals giant reported Wednesday after the closing bell that its comparable earnings per share decreased 88.5 percent and its revenue decreased 35.4 percent in the second quarter, compared with the same period of last year.

A big rise of 2.89 percent in Energy, the second most-heavily- weighed sector in TSX, however, helped boosted the trading sentiment, as Canada's biggest oil and gas producer Suncor Energy Inc. led the gainers. Its stock price jumped 6.33 percent to 36.81 Canadian dollars a share, after the company announced that it would increase the dividend for its shareholders.

And another positive mover Crescent Point Energy Corp. gained 4. 02 percent to 20.20 Canadian dollars per share.

Besides, the telecom sector advanced 1.27 percent, when the leading company Manitoba Telecom Services Inc. rose 3.09 percent to 29.68 Canadian dollars per share, after it reported that its free cash flow grew 41 percent in the second quarter.

With no significant economic data released Thursday, Canada's third biggest bank Scotiabank issued an economic commentary, saying that although the Canadian economy faces a number of challenges, consumer spending and housing activity remain quite buoyant in the Toronto and Vancouver regions, both of which are being underpinned by Bank of Canada rate cuts this year, and continuing private-sector job gains.

On the currency front, the Canadian dollar was traded lower to 0.7686 U.S. dollar Thursday, when compared with 0.7726 U.S. dollar Wednesday, and "(the Canadian) currency trends have become increasingly volatile, the Canadian dollar will likely remain at a deep or potentially even deeper discount to the greenback, providing a solid boost to the domestic tourism and entertainment industry," according to the report by Scotiabank Thursday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canadian stock market edges up as energy rally offsets losses by miners shares Arab Today, arab today canadian stock market edges up as energy rally offsets losses by miners shares

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canadian stock market edges up as energy rally offsets losses by miners shares Arab Today, arab today canadian stock market edges up as energy rally offsets losses by miners shares

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday