(Updates prices, sectors)
April 14 (Reuters) – Canada’s main stock index gained on Wednesday as investors expect substantial fiscal stimulus to be announced next week, while a rise in oil prices supported the heavy commodity index.
Canada’s Liberal government will keep its pledge to spend big when it presents its first budget in two years next week amid a third surging wave of COVID-19 infections and ahead of elections slated for months to come. come.
* At 9:38 a.m. ET (1:38 p.m. GMT), the Toronto Stock Exchange’s S & P / TSX Composite Index rose 83.86 points, or 0.44%, to 19,287.56.
* The energy sector climbed 1.8% as US crude prices rose 2.1% per barrel, while Brent added 2.2%.
* The financial sector grew 0.3% and the industrial sector advanced 0.4%.
* The materials sector, which includes precious and base metal miners and fertilizer companies, added 0.5%. Gold futures were unchanged at $ 1,745.9 per ounce.
* On TSX, 150 issues rose, while 70 issues fell in a 2.14 to 1 favoring winner, with 13.54 million shares traded.
* The biggest percentage gains on the TSX were Denison Mines Corp, which jumped 4.5%, and Lithium Americas, which rose 3.9%.
* OrganiGram Holding fell 7.1%, the most on the TSX, while the second biggest decline was Badger Daylighting, down 3.0%.
* The most traded stocks by volume were Toronto-Dominion Bank, Royal Bank of Canada and The Supreme Cannabis Company.
* The TSX posted 12 new 52 week highs and no new lows.
* Across Canadian issues, there were 89 new 52-week highs and two new lows, for a total volume of 25.64 million shares. (Reporting by Shashank Nayar in Bengaluru; Editing by Shinjini Ganguli and Vinay Dwivedi)