(Reuters) - Canada’s main stock index edged higher on Wednesday as gains in energy companies offset losses stemming from renewed fears of a recession.
* At 10:02 a.m. ET (14:02 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 22.71 points, or 0.14%, at 16,206.3.
* World stocks slipped as the U.S. yield curve, a closely watched recession indicator, inverted further amid growing worries over the impact of a protracted trade war.
* Seven of the index’s 11 major sectors were higher, led by a 1.1% gain in the energy sector which rose on the back of higher oil prices.
* U.S. crude prices were up 2.7% a barrel, while Brent crude added 2.0%.
* The financials sector gained 0.1%, while the industrials sector fell 0.4%.
* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.1%.
* On the TSX, 107 issues were higher, while 119 issues declined for a 1.11-to-1 ratio to the downside, with 19.49 million shares traded.
* The largest percentage gainers on the TSX were Mag Silver Corp, which jumped 4.5% and Crescent Point Energy Corp , which rose 4.4%.
* Cronos Group Inc fell 2.9%, the most on the TSX. The second biggest decliner was CannTrust Holdings, down 2.6%.
* The most heavily traded shares by volume were Suncor Energy, Sun Life Financial Inc and Belo Sun Mining, up 1.1%.
* The TSX posted 16 new 52-week highs and five new lows.
* Across all Canadian issues there were 56 new 52-week highs and 20 new lows, with total volume of 33.13 million shares. (Reporting by Medha Singh in Bengaluru)
Our Standards: The Thomson Reuters Trust Principles.