TSX rises 0.44 percent, boosted by Enbridge

FILE PHOTO: A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. REUTERS/Mark Blinch/File Photo

SAN FRANCISCO (Reuters) - The Toronto Stock Exchange’s S&P/TSX rose 70.01 points, or 0.44 percent, to 16,122.25.

The biggest contributor to the TSX gain was Enbridge. Materials was the top sector contributor, up 1.4 percent.

Leading the index were Valeant Pharmaceuticals International Inc , up 7.6 percent, Aurora Cannabis Inc , up 6.5 percent, and Lundin Mining Corp , higher by 5.6 percent.

Lagging shares were Alacer Gold Corp , down 4.5 percent, Dorel Industries Inc, down 2.9 percent, and Seven Generations Energy Ltd, lower by 2.2 percent.

On the TSX 172 issues advanced and 68 declined as a 2.5-to-1 ratio favored advancers. There were 22 new highs and no new lows, with total volume of 187.8 million shares.

The most heavily traded shares by volume were Aurora Cannabis Inc , Canopy Growth Corp and Bombardier Inc.

The TSX’s energy group fell 0.08 points, or 0.04 percent, while the financials sector climbed 0.34 points, or 0.11 percent.

West Texas Intermediate crude futures rose 0.9 percent, or $0.58, to $65.33 a barrel. Brent crude fell 0.35 percent, or $0.26, to $75.03 [O/R]

The TSX is off 0.5 percent for the year.

Reporting by Noel Randewich