July 4, 2018 / 8:28 PM / 2 years ago

CANADA STOCKS-TSX rises as higher oil prices boost energy shares

(Adds details on activity and updates prices to close)

TORONTO, July 4 (Reuters) - Canada’s main stock index rose on Wednesday led by the energy sector as oil prices climbed, while shares of financial and materials companies also gained ground.

* The Toronto Stock Exchange’s S&P/TSX composite index closed up 41.56 points, or 0.26 percent, at 16,304.72.

* Nine of the index’s 10 main groups ended higher.

* Volume was much lower than usual with U.S. markets closed for the Independence Day holiday.

* Energy shares advanced 0.6 percent, helped by higher oil prices. U.S. crude oil futures were up 0.3 percent to $74.33 a barrel.

* Shares of Enbridge rose nearly 1 percent to C$46.84. The company will sell its western Canadian natural gas gathering and processing business to Brookfield Infrastructure Partners LP and its institutional partners for an enterprise value of about C$4.31 billion, the companies said.

* Financials, which account for about one-third of the weight of the TSX, rose 0.1 percent.

* The materials group, which includes precious and base metals miners and fertilizer companies, gained 0.4 percent.

* Gold futures rose 0.7 percent to $1,259.9 an ounce, while copper prices declined 1.4 percent to $6,401.59 a tonne.

* Volume on the TSX index was 62.98 million shares. (Reporting by Fergal Smith Editing by Chris Reese)

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