TD – CANADA STOCKS-TSX gains on higher fiscal spending hopes, oil boost
Updates prices, sectors
April 14 (Reuters) – Canada’s main stock index gained on Wednesday as investors expect substantial fiscal stimulus measures to be announced next week, while a jump in oil prices supported the commodities-heavy index.
Canada’s Liberal government will deliver on its promise to spend big when it presents its first budget in two years next week amid a fast-rising third wave of COVID-19 infections and ahead of an election expected in the coming months.
* At 9:38 a.m. ET (13:38 GMT), the Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE was up 83.86 points, or 0.44%, at 19,287.56.
* The energy sector .SPTTEN climbed 1.8% as U.S. crude CLc1 prices were up 2.1% a barrel, while Brent crude LCOc1 added 2.2%. O/R
* The financials sector .SPTTFS gained 0.3% and the industrials sector .GSPTTIN rose 0.4%.
* On the TSX, 150 issues advanced, while 70 issues declined in a 2.14-to-1 ratio favoring gainers, with 13.54 million shares traded.
* The largest percentage gainers on the TSX were Denison Mines Corp DML.TO, which jumped 4.5%, and Lithium Americas LAC.TO, which rose 3.9%.
* The most heavily traded shares by volume were Toronto-Dominion Bank TD.TO, Royal Bank of Canada RY.TO and The Supreme Cannabis Company FIRE.TO.
* The TSX posted 12 new 52-week highs and no new low.
* Across Canadian issues, there were 89 new 52-week highs and two new lows, with total volume of 25.64 million shares.
(Reporting by Shashank Nayar in Bengaluru; Editing by Shinjini Ganguli and Vinay Dwivedi)
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