CANADA STOCKS-TSX rises, but move limited by falling miners

Mon Apr 13, 2015 11:19am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX up 21.75 points, or 0.14 percent, at 15,410.18

* Six of the index's 10 main group advance

By Solarina Ho

TORONTO, April 13 (Reuters) - Canada's main stock index rose moderately on Monday as gains in energy and financial stocks offset declines among mining firms, which were hurt as resource prices softened on weak Chinese trade data.

Stocks that were most influential on the index included Royal Bank of Canada, which rose 0.35 percent to C$79.88, and Enbridge Inc, which advanced 0.8 percent to C$63.83.

The overall financials group, the most heavily weighted sector on the index, climbed 0.1 percent, while the oil and gas sector climbed 0.2 percent.

"Energy stocks are a little bit better, but news is mixed on that front," said John Ing, president of Maison Placements Canada.

Crude prices edged higher on a slowdown in U.S. drilling, but gains were limited by data that showed a drop in Chinese oil imports in March, while overall Chinese exports in the month were also sharply lower.

U.S. crude prices were up 0.8 percent at $52.03 per barrel, while Brent crude added 1.1 percent to $58.49.   Continued...