Aug 16 (Reuters) - Canada’s main stock index attempted to bounce back from a two-day slide on Friday, as expectations of further stimulus from global central banks eased concerns of an economic slowdown.
Technology led the index higher to end a brutal week for global markets, which was fueled by recession worries that intensified after the U.S. Treasury yield curve inverted for the first time since 2007.
* At 9:46 a.m. ET (1346 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 73.16 points, or 0.46%, at 16,085.69.
* TSX hit a five-month low in the previous session and was on track to end the week lower after the inversion of Canada’s yield curve by the most in nearly two decades.
* Of the index’s 11 major sectors, 10 were trading higher, led by the technology sector.
* The energy sector climbed 0.7% as oil prices edged higher.
* The financials sector gained 0.7% while the industrials sector rose 0.3%.
* The materials sector was the only sector in the red, falling 0.3%, as gold prices fell as much as 1% weighed down by gains in equities and the dollar.
* On the TSX, 166 issues were higher, while 67 issues declined for a 2.48-to-1 ratio favoring gainers, with 18.05 million shares traded.
* The largest percentage gainers on the TSX were cannabis producers Aphria Inc, which jumped 4.5%, followed by gains in Hexo Corp, which rose 4.4%.
* Bombardier fell 3.1%, the most on the TSX, after Goldman Sachs cut its rating on the planemaker’s stock.
* The most heavily traded shares by volume were Bombardier, Aurora Cannabis and Stornoway Diamond Corp.
* The TSX posted six new 52-week highs and three new lows.
* Across all Canadian issues, there were 12 new 52-week highs and 17 new lows, with total volume of 30.81 million shares. (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila)