Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

CANADA STOCKS-Toronto stocks pause as gold gains offset by energy losses

Tue, 06th Mar 2018 21:48

March 6 (Reuters) - Canada's main stock index finished flaton Tuesday as gains in gold producers were offset by weakness inenergy shares and as global equities markets were supported bysigns North Korea is willing to hold talks with the UnitedStates.

* The Toronto Stock Exchange's S&P/TSX composite indexended up 3.91 points, or 0.03 percent, at 15,545.19.

* South Korea said the North will also suspend nuclear testswhile talks with the United States are underway.

* The prospect of talks after months of tensions betweenNorth Korea and the United States helped put a floor underglobal markets, as did a push from U.S. Republican lawmakers toget U.S. President Donald Trump to pull back from proposedtariffs on steel and aluminum.

* Gold producers climbed 1.1 percent, helping tosupport the larger materials sector as gold prices firmed on thepotential progress with North Korea.

* Goldcorp advanced 2.7 percent to C$17.01, whileTeck Resources was up 1.1 percent at C$36.68 as goldfutures rose 1.2 percent to $1,333.4 an ounce.

* But the market was capped by the heavyweight energy group, down 0.5 percent. Canadian Natural Resourcesfell 1.1 percent to C$39.82, while Suncor Energy was off0.2 percent to C$41.40.

* Canadian National Railway was the biggest drag onthe index, down 2.0 percent at C$95.24 as CIBC cut its targetprice to C$108 from C$111 the day after the rail company's chiefexecutive officer abruptly stepped down.

* Bombardier Inc fell 5.8 percent to C$3.77 afterit said it will sell equity to strengthen its balance sheet aspart of a five-year turnaround plan.

* Canopy Growth was among the most heavily tradedshares, up 1.7 percent at C$32.93 after Bloomberg reported thatthe cannabis producer had bid for Spanish firm Alcaliber SA.

* The TSX posted eight new 52-week highs and four new lows.Across all Canadian issues there were 25 new 52-week highs and16 new lows. Volume on the TSX index was 220.90 million shares.(Reporting by Leah SchnurrEditing by Susan Thomas)

Related Shares

More News
17 May 2024 17:39

TRADING UPDATES: Ingenta trades in line; Triple Point Social NAV up

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

12 Dec 2023 17:40

TRADING UPDATES: Celadon Pharma raises GBP2.0 million via placing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

5 Dec 2023 11:56

IN BRIEF: Condor Gold raises GBP1 million via chair's company

Condor Gold PLC - Gold exploration company with operations focused on Nicaragua - Notes that Galloway Ltd, owned by Condor Gold Chair Jim Mellon's Bur...

7 Sep 2023 14:41

EARNINGS UPDATES: Sylvania beats production goal, Angle revenue surges

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on xxxday and not separately reported by Alliance News:

21 Jul 2023 10:04

IN BRIEF: Condor Gold says five acquisition offers received

Condor Gold PLC - Gold exploration company with operations focusing on Nicaragua - Says it has received five non-binding offers for the purchase of it...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.