CANADA STOCKS-Toronto stocks hit one-month low as resources fall

By Kitco News / January 29, 2018 / www.kitco.com / Article Link

(Adds stocks and sectors, updates prices)

Jan 29 (Reuters) - Canada's main stock index fell on Monday, hitting its lowest level in a month as energy and other resource shares declined alongside the price of oil.

* At 10:24 a.m. ET (15:24 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 78.5 points, or 0.48 percent, at 16,160.72.

* The index hit a session low of 16,150.88, its weakest intra-day level since Dec. 28.

* The energy group retreated 0.6 percent as U.S. crude prices were down 1.1 percent at $65.4 a barrel as rising U.S. output eclipsed attempts led by OPEC and Russia to tighten supplies. * Enbridge Inc was among the biggest drags on the index, down 1.3 percent at C$46.44.

* Gold producers retreated 0.8 percent as the price of gold was hurt by strength in the U.S. dollar. Among the decliners, Barrick Gold shed 1.5 percent to C$17.93. * Cannabis company Aphria Inc fell 4.5 percent to C$19.25 after it said it would buy Nuuvera Inc for C$826 million ($670 million) to expand globally. Shares of Nuuvera jumped 12 percent to C$7.84. nL4N1PO42M]

* The TSX posted five new 52-week highs and two new lows. Across all Canadian issues, there were 45 new 52-week highs and 27 new lows.

* The largest percentage gainer on the TSX was Torex Gold Resources , which rose 18.7 percent, while the largest decliner was Canopy Growth Co , down 4.5 percent.

* Among the most active Canadian stocks by volume, Bombardier was up 4.8 percent at $3.71 after a U.S. trade commission on Friday backed the Canadian plane maker in a trade dispute with Boeing . * Volume on the TSX index was 45.54 million shares.


(Reporting by Leah Schnurr; Editing by Susan Thomas)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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