August 22, 2018 / 11:45 AM / a month ago

TSX rises 0.31 percent, led by MEG Energy

SAN FRANCISCO (Reuters) - The Toronto Stock Exchange’s S&P/TSX .GSPTSE rose 50.37 points, or 0.31 percent, to 16,347.34.

A man walks past an old Toronto Stock Exchange (TSX) sign in Toronto, June 23, 2014. REUTERS/Mark Blinch

* Leading the index were MEG Energy Corp (MEG.TO), up 7.0 percent, New Gold Inc (NGD.TO), up 4.6 percent, and Precision Drilling Corp (PD.TO) , higher by 4.4 percent.

* Lagging shares were Cascades Inc (CAS.TO), down 3.6 percent, Element Fleet Management Corp (EFN.TO), down 3.3 percent, and Badger Daylighting Ltd (BAD.TO), lower by 3.2 percent.

* On the TSX 139 issues advanced and 100 declined as a 1.4-to-1 ratio favored advancers. There were 6 new highs and 1 new lows, with total volume of 200.1 million shares.

* The most heavily traded shares by volume were Aurora Cannabis Inc (ACB.TO), Canopy Growth Corp (WEED.TO) and Baytex Energy Corp (BTE.TO).

* The TSX’s energy group .SPTTEN rose 3.33 points, or 1.69 percent, while the financials sector .SPTTFS climbed 1.08 points, or 0.35 percent.

* West Texas Intermediate crude futures CLc1 rose 3.13 percent, or $2.06, to $67.9 a barrel. Brent crude LCOc1 rose 2.88 percent, or $2.09, to $74.72 [O/R]

* The TSX is up 0.9 percent for the year.

Reporting by Noel Randewich

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