September 10, 2018 / 11:49 AM / in 2 months

TSX gains as energy companies get lift from higher oil prices

(Reuters) - Canada’s main stock index rose on Monday, as energy shares gained from a jump in crude oil prices following a stall in U.S. drilling and as investors anticipated lower supply once new sanctions against Iran’s crude exports kick in from November.

The Toronto Stock Exchange sign is seen in Toronto, Ontario, Canada July 6, 2017. REUTERS/Chris Helgren

* All the 11 major sectors were higher, boosted by the energy sector up 0.6 percent. U.S. crude prices were up 0.7 percent a barrel, while Brent crude added 0.9 percent.

* The largest percentage gainer on the main index was Parex Resources, up 4.9 percent, while cannabis company Aphria rose 3.1 percent and was also among the biggest gainers.

* At 9:44 a.m. ET (13:44 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 49.82 points, or 0.31 percent, at 16,140.09.

* Foreign Minister Chrystia Freeland said on Friday she and her U.S. counterpart were making “very good progress” in talks to save the North American Free Trade Agreement.

* On the TSX, 162 issues were higher, while 73 issues declined for a 2.22-to-1 ratio favoring gainers, with 17.06 million shares traded.

* Transcontinental fell 3.2 percent, the most on the TSX, followed by Lundin Mining, down 2.0 percent.

* The most heavily traded shares by volume were Royal Nickel, Orosur Mining and Aurora Cannabis.

* The TSX posted 5 new 52-week highs and no new lows.

* Across all Canadian issues there were 13 new 52-week highs and 15 new lows, with total volume of 40.23 million shares.

Reporting by Amy Caren Daniel in Bengaluru; Editing by Sriraj Kalluvila

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