November 1, 2018 / 11:48 AM / in 18 days

TSX rises 0.82 percent

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

NEW YORK (Reuters) - The Toronto Stock Exchange’s S&P/TSX rose 122.87 points, or 0.82 percent, to 15,150.15 for its third straight day of gains.

Leading the index were Hudbay Minerals Inc , up 22.6 percent after announcing a deal to buy the remaining 86 percent stake in Mason Resources. Turquoise Hill Resources Ltd , up 16.2 percent and Centerra Gold Inc , higher by 10.9 percent were the other top gainers.

Lagging shares were Encana Corp , down 12.2 percent after reaching a deal to buy Newfield Exploration for $5.5 billion while TransAlta Renewables Inc, down 5.5 percent, and AltaGas Ltd were lower by 4.0 percent.

On the TSX 180 issues rose and 62 fell as a 2.9-to-1 ratio favored advancers. There were 2 new highs and 5 new lows, with total volume of 288.7 million shares.

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

The TSX’s energy group  rose 1.18 points, or 0.71 percent, while the financials sector slipped 0.15 points, or -0.05 percent.

West Texas Intermediate crude futures fell 2.76 percent, or $1.8, to $63.51 a barrel. Brent crude  fell 3.05 percent, or $2.29, to $72.75 [O/R]

The TSX is off 6.5 percent for the year.

Reporting by Chuck Mikolajczak

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