February 20, 2018 / 12:53 PM / 4 months ago

TSX closes lower on weakness in mining stocks

TORONTO (Reuters) - Canada’s main stock index closed lower on Tuesday, following a mixed session, with weakness among gold mining stocks offsetting gains for the energy group.

FILE PHOTO: A TMX Group sign, the company that runs the Toronto Stock Exchange (TSX), is seen in Toronto, Ontario, Canada, June 23, 2014. REUTERS/Mark Blinch/File Photo

The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE closed down 13.2 points, or 0.1 percent at 15,439.44. Just three of the index’s 10 main groups ended lower.

* The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.0 percent. Osisko Gold Royalties (OR.TO) fell by 8.1 percent, Endeavour Mining (EDV.TO) was down 4.9 percent and Klondex Mines (KDX.TO) fell by 4.6 percent.

* Gold futures GCc1 fell 1.8 percent to $1,329 an ounce. [GOL/]

* Copper prices CMCU3 declined 0.6 percent to $7,076.5 a tonne. [MET/L]

* The energy group climbed 0.4 percent. Crescent Point Energy Corp <CPG.TO gained 3.2 percent and Suncor Energy (SU.TO) rose 1.1 percent.

* The price of oil reached a nearly two-week high amid inventory declines at a key storage hub and expectations that top producers could extend cooperation beyond 2018.

* The largest percentage gainer on the TSX was cannabis producer Canopy Growth Co (WEED.TO), which rose 11.7 percent to $29.60, while the largest decliner was auto parts company Uni-Select Inc (UNS.TO), down 11.8 percent to $22.94.

* Among the most active Canadian stocks by volume were Bombardier B (BBDb.TO), up 5.1 percent to $3.92, Aurora Cannabis (ACB.TO), up 8.2 percent to $10.96, and Canopy Growth.

Reporting by Matt Scuffham; Editing by Peter Cooney

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