TD – TSX rises as materials, energy boost
May 10 (Reuters) – Canada’s main stock index rose on Monday,
as heavyweight energy and material stocks climbed 1% boosted by
higher commodity prices.
* Gold prices gained as the tepid U.S. jobs number last week
cemented expectations that interest rates will remain low for
some time, denting the dollar and boosting non-yielding metal’s
* The materials sector, which includes precious
and base metals miners and fertilizer companies, added nearly
* The energy sector also rose 1% as oil prices
gained after a cyberattack forced the shutdown of major fuel
pipelines in the United States and raised concerns about supply
disruption, outweighing rising coronavirus cases in Asia.
* At 09:38 a.m. ET (1338 GMT), the Toronto Stock Exchange’s
S&P/TSX composite index was up 26.96 points, or 0.14%,
* On the TSX, 136 issues were higher, while 89 issues
declined for a 1.53-to-1 ratio favouring gainers, with 15.89
million shares traded.
* The largest percentage gainers on the TSX were Ero Copper
Corp, which jumped 3.3%, and Labrador Iron Ore Royalty
, which rose 3.3%, after TD Securities raised its target
price on the stock to C$48 from C$44.
* Village Farms International Inc fell 8.6%, the
most on the TSX, after the company posted a quarterly loss of 10
cents per share.
* The second biggest decliner was Ballard Power Systems Inc
, down 5.5%.
* The most heavily traded shares by volume were Nevada
Copper Corp, Tetra Bio-Pharma Inc and Zenabis
* The TSX posted 33 new 52-week highs and one new low.
* Across all Canadian issues there were 166 new 52-week
highs and 14 new lows, with total volume of 45.28 million
(Reporting by Shivani Kumaresan in Bengaluru; Editing by Amy