CANADA STOCKS-Resource shares, earnings beats lead TSX higher

Wed Jul 27, 2016 10:37am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds details on stocks, sectors; updates prices)

* TSX up 51.96 points, or 0.36 percent, to 14,601.96

* Six of the TSX's 10 main groups move higher

TORONTO, July 27 (Reuters) - Canada's main stock index rose on Wednesday as gold miners and other resource issues gained and investors bought shares of companies that reported stronger-than-expected results.

The most influential gainers included grocery chain Loblaw Cos Ltd, which rose 3.4 percent to C$73.28, and technology company CGI Group Inc, which advanced 3.5 percent to C$60.86, after both beat earnings expectations.

But Toronto Star publisher Torstar Corp fell 3.6 percent to C$1.60 after reporting a wider loss and cutting their dividend.

At 10:07 a.m. EDT (1407 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 51.96 points, or 0.36 percent, to 14,601.96.

Six of the index's 10 main groups were in positive territory, with advancers outnumbering decliners by a ratio of 2.7-to-1.

The materials group, which includes precious and base metals miners and fertilizer companies, added 1.4 percent.   Continued...