Canadian stock market continues up

0 Comment(s)Print E-mail Xinhua, January 8, 2019
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TORONTO, Jan. 7 (Xinhua) -- Canada's main stock market continued rising Monday as it got a push from ongoing crude oil price hikes while the Canadian dollar hit a four-week high.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index rose 77.51 points, or 0.54 percent, to finish the day at 14,504.13 points.

The Canadian dollar traded at an average of 0.7511 U.S. dollar compared with an average of 0.7457 U.S. dollar last Friday. The Canadian dollar strengthened to a one-month high against the U.S. dollar as some investors bet the Bank of Canada will stick this week to its plan to raise interest rates to a neutral range.

Tech issues were big gainers. BlackBerry added 2.2 percent to 9.88 Canadian dollars while Shopify rose 3.6 percent to 191.61 Canadian dollars.

Among health care stocks, Aphria jumped 6.2 percent to 8.57 Canadian dollars while Bausch Health Companies rose 4.8 percent to 29.85 Canadian dollars.

In the consumer discretionary group, Canada Goose rose 4 percent to 62.28 Canadian dollars while Canadian Tire gained 1.4 percent to 144.03 Canadian dollars.

Some of the most active companies traded Monday were Crescent Point Energy Corp., Enbridge Inc. and Bombardier Inc.

Crescent Point Energy Corp. climbed 3 cents to 4.41 Canadian dollars on 11.9 million shares while Enbridge Inc. rose 86 cents to 44.58 Canadian dollars on 9.6 million shares.

Bombardier Inc. fell 1 cent to 2.21 Canadian dollars on 6.9 million shares. Enditem

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