December 15, 2017 / 9:33 PM / 2 years ago

CANADA STOCKS-TSX ends up, Linamar jumps on acquisition

(Adds details on specific stocks, updates prices)

* TSX ends up 25.52 points, or 0.16 percent, at 16,041.98

* Seven of TSX’s 10 main industry groups move higher

* Decliners slightly outnumber advancers overall

By Alastair Sharp

TORONTO, Dec 15 (Reuters) - Canada’s main stock index rose on Friday, helped by a sharp jump in auto parts maker Linamar Corp after it announced plans to buy an agricultural equipment maker, while financial stocks and base metal miners also gained.

* The Toronto Stock Exchange’s S&P/TSX composite index ended up 25.52 points, or 0.16 percent, at 16,041.98. It lost 0.3 percent over the course of the week after hitting an all-time high on Wednesday.

* Seven of the index’s 10 main sectors finished in positive territory, although decliners slightly outnumbered gainers overall.

* Linamar surged 11.5 percent to C$72.50 after saying after the bell on Thursday it had agreed to buy privately held MacDon Group of Cos for C$1.2 billion ($937 million).

* The materials group, which includes precious and base metals miners and fertilizer companies, added 0.6 percent, with First Quantum Minerals Ltd up 4.6 percent at C$17.12 and Teck Resources Ltd adding 2.7 percent to C$30.67.

* The energy group retreated 1.0 percent, with Encana Corp down 3.7 percent at C$14.27 and Cenovus Energy Inc off 3.6 percent at C$10.86.

* Industrials rose 0.5 percent while the financials group gained 0.2 percent as insurer Manulife Financial Corp rose 1.2 percent to C$26.70 and Royal Bank of Canada added 0.5 percent to C$101.92.

$1 = 1.2809 Canadian dollars Reporting by Alastair Sharp; Editing by Susan Thomas and James Dalgleish

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below