Canadian stock market jumps on energy strength

0 Comment(s)Print E-mail Xinhua, December 6, 2018
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TORONTO, Dec. 5 (Xinhua) -- Canada's main stock market rose Wednesday in a broad-based rally led by shares of key energy companies as oil recouped some of its early losses.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index increased 119.05 points, or 0.79 percent, to end the day at 15,182.64 points. It partially made up for Tuesday's 211-point drop.

The energy sector moved higher by gaining 2.6 percent, as oil prices rose before the meeting of the Organization of Petroleum Exporting Countries (OPEC) scheduled to be held on Thursday.

The world's biggest oil exporters are expected to discuss cutting output to stabilize the global market.

The healthcare sector plunged on Wednesday as major cannabis producers such as Aphria Inc. and Aurora Cannabis Inc. both fell more than 10 percent. Enditem

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