Aug 30 (Reuters) - Canada’s main stock index rose for the fifth straight session on Friday, aided by gains in the financial sector and data on strong growth in the Canadian economy during the second quarter.
* Data from Statistics Canada indicated that the economy expanded at an annualized rate of 3.7% in the second quarter, a pace much higher than the Bank of Canada had predicted, thanks to a resurgence in goods exports.
* At 9:37 a.m. ET (1337 GMT), the Toronto Stock Exchange’s S&P/TSX Composite index was up 18.56 points, or 0.11%, at 16,403.05.
* The main index is on track to log its biggest weekly gain since January.
* Five of the index’s 11 major sectors were higher, with a 0.3% gain in the financials sector boosting the main index by the most.
* Keeping a check on gains was the energy sector, which slid 0.7% as oil prices declined as U.S. crude prices fell 0.6% and Brent crude 0.2%.
* Canada’s main also tracked gains in global equities which rose on easing trade tensions between the United States and China.
* On the TSX, 129 issues were higher, while 101 issues declined for a 1.28-to-1 ratio favouring gainers, with 8.89 million shares traded.
* The largest percentage gainers on the TSX were shares of CAE Inc that jumped 4% after Scotiabank upgraded the civil aviation training company’s shares to “sector outperform” from “sector perform”.
* CannTrust Holdings Inc fell 3.4%, the most on the TSX, followed by declines in shares of Peyto Exploration & Development Co, which were down 3.3%.
* The most heavily traded shares by volume were Sherritt Intl, up 7.6%, Stornowaydiamond, which was flat, and Lydian Intl Ltd, down 16.7%.
* The TSX posted eight new 52-week highs and no new low.
* Across all Canadian issues, there were 15 new 52-week highs and four new lows, with total volume of 17.21 million shares. (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Shinjini Ganguli)
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