March 12, 2018 / 11:31 AM / a month ago

Toronto stocks edge up with help from gold producers

(Reuters) - Canada’s main stock index closed slightly higher on Monday as gold producers overcame earlier declines and helped offset energy shares that were dragged lower by the price of oil.

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

* The Toronto Stock Exchange’s S&P/TSX composite index ended up 26.98 points, or 0.17 percent, at 15,604.79.

* The healthcare sector also helped support the market, rising 2.3 percent. Cannabis producer Canopy Growth was among the most actively traded shares, jumping 5.0 percent to C$32.49.

* Barrick Gold was among the biggest gains on the index, up 3.0 percent at C$15.59 after RBC raised its rating on the stock to “outperform.” The gold subsector as a whole rose 1.1 percent.

* But losses in the energy sector kept a cap on Toronto markets as the group slipped 0.4 percent. Canadian Natural Resources fell 0.7 percent to C$38.63.

* U.S. crude prices settled down 68 cents at $61.36 a barrel on expectations that U.S. output will rise this year. [O/R]

* Shares of Bombardier Inc fell 1.1 percent to C$3.71 after one of its Q400 planes crashed in Nepal.

* The TSX posted six new 52-week highs and three new lows. Volume on the TSX index was 152.23 million shares.

Reporting by Leah Schnurr in Ottawa; Editing by Jeffrey Benkoe and Peter Cooney

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