June 15, 2018 / 11:35 AM / 3 months ago

TSX dips 0.09 percent, but higher for the week

NEW YORK (Reuters) - The Toronto Stock Exchange’s S&P/TSX fell 14.54 points, or 0.09 percent, to 16,314.42 but climbed 0.69 percent on the week, its second straight weekly gain.

Businessmen pass the Toronto Stock Exchange sing in Toronto, Ontario, Canada July 6, 2017. REUTERS/Chris Helgren

The biggest contributor to the TSX loss was Toronto-Dominion Bank, pulling 7.6 points from the index. Energy was the heaviest sector drag, with 32.3 net points. 

Leading the index were Canada Goose Holdings Inc , up 30 percent in the wake of its quarterly results, Paramount Resources Ltd , up 4 percent, and Prometic Life Sciences Inc , higher by 3.3 percent.

Lagging shares were Precision Drilling Corp , down 7.1 percent, First Majestic Silver Corp, down 5.8 percent, and Teck Resources Ltd, lower by 5.3 percent.

On the TSX 122 issues advanced and 121 declined as a 1-to-1 ratio favored advancers. There were 17 new highs and 3 new lows, with total volume of 419.7 million shares.

The most heavily traded shares by volume were Prometic Life Sciences Inc , Bombardier Inc  and Cenovus Energy Inc.

The TSX’s energy group  fell 2.98 points, or 1.51 percent.

West Texas Intermediate crude futures fell 3.38 percent, or $2.26, to $64.63 a barrel. Brent crude  fell 3.56 percent, or $2.7, to $73.24 [O/R]

The TSX is up 0.6 percent for the year.

Reporting by Chuck Mikolajczak

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