Canada Stocks: TSX climbs to 9-month high, led by tech and mining shares

Nevada Copper

26/11/2020 21:44

(Adds details throughout, updates prices)
    Nov 26 (Reuters) - Canada's main stock index rose to a
nine-month high on Thursday as declines in energy stocks were
offset by gains in major technology and mining players, while a
U.S. market holiday kept trading volumes low.
    * The Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  closed up 38.27 points, or 0.2%, at 17,351.34.
    * The energy sector  .SPTTEN  fell 0.4%, tracking declines
in crude prices as signs of growing supplies helped to halt a
rally driven by optimism over COVID-19 vaccines.  O/R 
    * The materials sector  .GSPTTMT , which includes precious
and base metals miners and fertilizer companies, added 1.2% as
gold and base metal prices rose.  GOL/   MET/L 
    * The information technology sector  .SPTTTK , the second
largest sector in the benchmark after financials, rose nearly
1%.
    * Volume on the TSX index was about 97 million shares, its
lowest since July 3. U.S. stock markets were closed on Thursday
for the Thanksgiving Day holiday.    
    * Among the largest percentage gainers was power sports
manufacturer BRP Inc  DOO.TO , which jumped 5.5% after a series
of price-target hikes on strong third-quarter results.
 urn:newsml:reuters.com:*:nL8N2IB4OF

 (Reporting by Fergal Smith in Toronto and Ambar Warrick in
Bengaluru; Editing by Alison Williams, Paul Simao and Tom Brown)
 ((fergal.smith@thomsonreuters.com; +1 647 480 7446;))