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CANADA STOCKS-TSX edges higher as trade war fears cool, financials gain

Mon, 26th Mar 2018 15:07

March 26 (Reuters) - Canada's main stock index climbed onMonday from five-week lows, led by gains in financial stocks, asreports of talks between the United States and China eased tradewar worries.

China scrambled to avert a trade war with premier Li Keqiangreiterating pledges to ease access for American businesses.

All of the 10 major sector groups were in positiveterritory.

Royal Bank of Canada and TD Bank Group'srose about 1 percent each, boosting the financial sector.

The energy sector also advanced as a rebound in stockmarkets and escalating Saudi-Iran tensions capped losses incrude oil futures.

* At 9:47 a.m. ET (1347 GMT), the Toronto Stock Exchange'sS&P/TSX Composite Index rose 107.45 points, or 0.71percent, to 15,331.19.

* The TSX posted 2 new 52-week highs and 3 new lows. Acrossall Canadian issues there were 6 new 52-week highs and 10 newlows.

* The largest percentage gainer on the TSX was BirchcliffEnergy, which rose 4.7 percent, while the largestdecliner was Aphria Inc, down 2.5 percent.

* Among the most active Canadian stocks by volume wereNighthawk Gold and Neulion Inc.

* Volume on the TSX index was 19.03 million shares whiletotal volume on Monday was 37.73 million shares.(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)

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