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CANADA STOCKS-TSX rises as energy stocks gain on higher oil prices

Mon, 22nd Jul 2019 14:54

July 22 (Reuters) - Canada's main stock index rose onMonday, as energy stocks gained on the back of higher oilprices.

* At 9:33 a.m. ET (1333 GMT), the Toronto Stock Exchange'sS&P/TSX Composite index was up 25 points, or 0.15%, at16,510.94.

* Seven of the index's 11 major sectors were higher.

* The energy sector climbed 0.2% as oil pricesrose on concerns that Iran's seizure of a British tanker lastweek may lead to supply disruptions in the energy-rich Gulf.

* U.S. crude prices were up 0.5%, while Brent crudeadded 0.8%.

* The financials sector gained 0.1%.

* The materials sector, which includes preciousand base metal miners and fertilizer companies, added 0.1% asgold prices held steady.

* Statistics Canada said wholesale trade fell 1.8% in Mayafter five months of gains, as sales in the motor vehicle andauto parts industries dropped.

* Analysts in a Reuters poll had predicted an increase of0.5% in May from April. The national statistics agency saidwholesale inventories increased for a ninth consecutive month,jumping 1.1%, while sales volume decreased by 1.9%.

* On the TSX, 147 issues were higher, while 73 issuesdeclined for a 2.01-to-1 ratio favouring gainers, with 6.45million shares traded.

* The top percentage gainers on the TSX were First MajesticSilver, which jumped 1.6% followed by Home Capital Group, which rose 1.5%.

* SNC Lavalin fell 6.9%, the most on the TSX, afterthe construction and engineering firm withdrew its forecast for2019, on significantly lower results as it considers options forits resources unit and exits fixed-price contracts.

* The most heavily traded shares by volume were NemaskaLithium Inc, Royal Bank of Canada and FissionUranium.

* The TSX posted five new 52-week highs and no new low.

* Across all Canadian issues there were 20 new 52-week highsand three new lows, with total volume of 13.79 million shares.(Reporting by Shreyashi Sanyal in Bengaluru; Editing by ShounakDasgupta)

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