February 27, 2019 / 12:43 PM / 2 months ago

TSX edges up 0.04 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 edged up 6.39 points, or 0.04 percent, to 16,074.30.

Leading the index were Cogeco Communications Inc, up 8.9 percent after a deal to sell its cloud services unit, TransAlta Corp, up 6.7 percent following its quarterly results, and Centerra Gold Inc, higher by 4.2 percent.

Lagging shares were Turquoise Hill Resources Ltd, down 13.7 percent in the wake of its 2019 financial guidance, Laurentian Bank of Canada, down 9.8 percent after quarterly results, and Uni-Select Inc, lower by 7.2 percent.

On the TSX 100 issues rose and 129 fell as a 0.8-to-1 ratio favored decliners. There were 9 new highs and 2 new lows, with total volume of 225.8 million shares.

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

The TSX’s energy group rose 0.94 points, or 0.6 percent, while the financials sector climbed 1.06 points, or 0.4 percent.

West Texas Intermediate crude futures rose 2.61 percent, or $1.45, to $56.95 a barrel. Brent crude  rose 1.69 percent, or $1.1, to $66.31 [O/R]

The TSX is up 12.2 percent for the year.

Reporting by Chuck Mikolajczak

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