(Reuters) - Energy stocks pressured Canada’s main stock index on Tuesday, as oil prices fell due to tightening coronavirus-driven restrictions across the world.
* The energy sector dropped 2.5% and was among the worst performing sectors on the main index, as crude prices fell nearly 1%. [O/R]
* Several states including New Jersey, California and Iowa imposed fresh restrictions as the pandemic reached its most perilous point yet in the United States.
** Also weighing down the TSX, the materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.9%.
* At 9:37 a.m. ET (1437 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 113.62 points, or 0.67%, at 16,776.19.
* Locally, data showed Canadian wholesale trade increased by 0.9% in September from August, beating analyst expectations, on higher sales in the food, beverage and tobacco subsector.
* The largest percentage gainers on the TSX were cancer drug developer Trillium Therapeutics Inc, which jumped 2.9%, and wellness products maker Jamieson Wellness Inc, which rose 1.1%.
* On the TSX, 36 issues were higher, while 181 issues declined for a 5.03-to-1 ratio to the downside, with 12.31 million shares traded.
* CAE Inc fell 5.6%, the most on the TSX, after the flight simulators maker acquired Flight Simulation Company BV for 70 million euros ($83.05 million).
* The most heavily traded shares by volume were Enbridge Inc, Supreme Cannabis Company Inc and Suncor Energy Inc.
* The TSX posted no new 52-week high and no new low.
* Across all Canadian issues there were 25 new 52-week highs and no new low, with total volume of 25.32 million shares.
Reporting by Amal S in Bengaluru; Editing by Amy Caren Daniel
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