Canadian stock rallies as positive data eases fears

GMT 15:12 2014 Friday ,17 October

Arab Today, arab today Canadian stock rallies as positive data eases fears

Canadian stock
Toronto - XINHUA

Canada's main stock market rebounded in choppy trading Thursday as upbeat U.S. economic data alleviated concerns about global growth.
Toronto Stock Exchange's benchmark S&P/TSX Composite Index rose 183.09 points, or 1.32 percent, to 14,052.97 points, with most of the eight major sectors in the green. The TSX index has lost nearly 12 percent of its value since reaching a record high last month.
Investors found some relief Thursday from a 1.0 percent gain in U.S. industrial production in September and a drop in weekly jobless claims to a 14-year low.
Meanwhile, Statistics Canada reported that foreign investment in Canadian securities rose more than expected to 10.3 billion Canadian dollars in September.
Shares of energy producers finally bounced back after recent weakness. The energy sector increased 3.24 percent with Suncor Energy Incorporated up 2.29 percent to 37.14 Canadian dollars. Canadian Natural Resources Limited edged up 4.27 percent to 37.57 Canadian dollars and Cenovus Energy was up 0.76 percent to 26.39 Canadian dollars.
The industrials sector rose 2.45 percent with Canadian Pacific Railway Limited up 3.62 percent to 218.12 Canadian dollars. Canadian National Railway Company was up 2.00 percent to 71.90 Canadian dollars.
The health care sector increased 1.55 percent with Extendicare Incorporated up 1.17 percent to 7.75 Canadian dollars. Valeant Pharmaceuticals International inched up 3.75 percent to 133.36 Canadian dollars.
The financials sector moved up 0.58 percent with Royal Bank of Canada up 0.10 percent to 77.34 Canadian dollars. Toronto-Dominion Bank climbed 1.62 percent to 52.07 Canadian dollars and Bank of Nova Scotia shares rose 0.09 percent to 65.86 Canadian dollars. Bank of Montreal shares added 0.14 percent to 78.44 Canadian dollars.
The info tech sector ended up 0.58 percent with Constellation Software Incorporated up 0.04 percent to 275.00 Canadian dollars. BlackBerry Limited was up 1.76 percent to 10.43 Canadian dollars.
The utilities sector advanced 0.53 percent with Fortis Inc. up 0.35 percent to 34.45 Canadian dollars and Emera 0.99 percent to 34.99 Canadian dollars.
The telecom sector increased 0.42 percent with BCE Incorporated up 0.013 percent to 47.18 Canadian dollars. Telus was up 0.72 percent to 37.97 Canadian dollars. However, Rogers Communications declined 0.05 percent to 41.70 Canadian dollars.
The metals and mining sector lost 0.95 percent with Teck Resources Limited down 2.46 percent to 17.48 Canadian dollars. First Quantum Minerals Limited slipped 1.66 percent to 17.74 Canadian dollars.
On the currency front, the Canadian dollar inched up to 0.8890 U.S. dollar, compared with 0.8835 U.S. dollar on Wednesday.

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بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
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