CANADA STOCKS-TSX rises with resource stocks, CP Rail weighs

Wed Oct 19, 2016 9:58am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds details on specific stocks, updates prices)

* TSX up 35.7 points, or 0.24 percent, at 14,787.95

* Almost three gainers for every declining stock

TORONTO, Oct 19 (Reuters) - Canada's main stock index gained on Wednesday as rising commodity prices helped energy and gold mining stocks push higher while railway stocks lagged.

Canadian Pacific Railway Ltd declined 2.3 percent to C$196.59 after the country's No.2 railroad operator reported a 9.1 percent drop in quarterly revenue, due mainly to a delayed grain harvest and lower crude oil volumes.

Its rival Canadian National declined 0.9 percent to C$87.03, and the industrials fell 0.7 percent overall.

The most influential gainers on the index included Goldcorp Inc, which rose 3.1 percent to C$20.09, and Barrick Gold Corp, up 2.4 percent to C$21.98.

Gold prices rose and the U.S. dollar weakened amid uncertainty around the timing of a U.S. interest rate increase.

The materials group, which includes precious and base metals miners and fertilizer companies, added 1.2 percent.   Continued...