June 7, 2018 / 11:39 AM / 3 months ago

TSX edges up 0.05 percent, fueled by oil

SAN FRANCISCO (Reuters) - The Toronto Stock Exchange’s S&P/TSX rose 8.85 points, or 0.05 percent, to 16,192.78 points.

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 biggest contributor to the TSX gain was Suncor Energy, and energy  was the top sector contributor, up 2.1 percent. 

Leading the index were Birchcliff Energy Ltd , up 8.7 percent, Canadian Western Bank , up 8.5 percent, and Baytex Energy Corp  , higher by 6.3 percent.

Lagging shares were Dollarama Inc , down 6.7 percent, Aphria Inc, down 5.7 percent, and NexGen Energy Ltd, lower by 4.4 percent.

On the TSX 121 issues advanced and 120 declined as a 1-to-1 ratio favored advancers. There were 22 new highs and 3 new lows, with total volume of 200.6 million shares.

The most heavily traded shares by volume were Aurora Cannabis Inc , Aphria Inc  and Canopy Growth Corp.

The TSX’s energy group  rose 4.06 points, or 2.06 percent, while the financials sector climbed 1.03 points, or 0.34 percent.

West Texas Intermediate crude futures rose 1.92 percent, or $1.24, to $65.97 a barrel. Brent crude  rose 2.55 percent, or $1.92, to $77.28 [O/R]

The TSX is off 0.1 percent for the year.

Reporting by Noel Randewich

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