TORONTO (Reuters) - Canada’s main stock index ended slightly higher on Thursday, boosted by energy companies as well as gains among big banks and some miners, while BlackBerry Ltd (BB.TO) pulled back after a sharp jump.
- The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE rose 22.96 points, or 0.14 percent, to 16,182.63.
- Half of its 10 main groups rose, with advancers barely outnumbering decliners overall.
- Northern Dynasty Minerals Ltd (NDM.TO) rose 3.6 percent to C$2.30 after saying it will apply for federal and state permits on Friday for its Pebble mine in Alaska.
- The materials group, which includes precious and base metals miners and fertilizer companies, added 0.1 percent.
- BlackBerry Ltd (BB.TO) fell 3.6 percent to C$15.03 a day after surging on the back of its quarterly earnings.
- The heavyweight financials group gained 0.2 percent, as bonds yields rose after strong inflation and retail sales data. Toronto-Dominion bank (TD.TO) gained 0.5 percent to C$72.85 and Canadian Imperial Bank of Commerce (CM.TO) added 1 percent to C$123.48.
- Cogeco Communications Inc (CCA.TO) rose 2.2 percent to C$88.97 and Dream Office Real Estate Investment Trust (D_u.TO) declined 4.2 percent to C$21.55 after TD Securities upgraded Cogeco and downgraded Dream Office.
- Cable and telecom company Quebecor Inc (QBRb.TO) rose 1.0 percent to C$23.72 after Desjardins raised it to a “buy”.
- Paramount Resources Ltd (POU.TO) rose 7 percent to C$19.37 after announcing a share buyback plan.
Reporting by Alastair Sharp; Editing by David Gregorio and Chizu Nomiyama