Feb 25 (Reuters) - Canada’s main stock index rose on Monday amid renewed hopes that the United States and China would soon resolve their trade dispute, after President Donald Trump said he would delay raising tariffs on Chinese imports.
* The announcement was the clearest sign yet that the two sides are closing in on a deal to end their prolonged trade spat.
* Trump also said he would hold a summit with China to sign a final trade deal, a day after signaling that he planned to meet with Chinese President Xi Jinping to conclude an agreement.
* At 9:48 a.m. ET (14:48 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 42.83 points, or 0.27 percent, at 16,055.84.
* Only the utilities and healthcare sectors were trading in the red.
* Despite a 1.8 percent fall in crude oil prices, the energy sector edged up 0.2 percent.
* Among stocks, Barrick Gold Corp fell 0.8 percent after if offered to buy U.S. rival Newmont Mining Corp for nearly $18 billion in stock, in a hostile takeover that seeks to combine the world’s two largest gold producers.
* The largest percentage gainer on the TSX was Enerflex Ltd , which rose 5.4 percent. This was followed by Cott Corp , which gained 3.4 percent.
* Cronos Group Inc fell 6 percent, the most on the TSX, after Jefferies started coverage of stock with “underperform” rating.
* The second biggest decliner was cannabis producer Aphria Inc, down 3.8 percent.
* On the TSX, 133 issues were higher, while 99 issues declined for a 1.34-to-1 ratio favouring gainers, with traded volume touching 26.47 million shares.
* The most heavily traded shares by volume were Bombardier Inc, Nemaska Lithium Inc and GeneNews Ltd .
* The TSX posted five new 52-week highs and no new low.
* Across all Canadian issues, there were 34 new 52-week highs and one new low, with total volume touching 49.44 million shares. (Reporting by Amy Caren Daniel in Bengaluru; Editing by James Emmanuel)
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