Stocks in Toronto rose to a 10-day high on Thursday, led by energy and financial stocks as oil rose and oil sands employees prepared to return to work after a wildfire.
The S&P/TSX Composite Index added 60.49 points to 13,848.70
The Canadian dollar gained 0.29 cents to 78.10 cents U.S.
Enbridge Inc. reported a quarterly profit, compared with a year-ago loss, as crude shipments increased. Enbridge shares gained 17 cents to $51.42.
Crescent Point Energy reported a bigger quarterly loss due to weak oil prices. Crescent Point hiked 96 cents, to 4.7%, to $21.32.
Acumen raised the price target on Alaris Royalty to $36.00 from $35.00. Alaris shares dropped 40 cents, or 1.4%, to $28.61
National Bank Financial cut the target price on Element Financial to $22.00 from $25.00. Element shares gathered 28 cents, or 1.9%, to $15.30.
BMO raised the rating on Silver Wheaton to outperform. The news caused Silver Wheaton shares to tack on 19 cents to $24.95.
On things economic, Statistics Canada reported that its new housing price index rose 0.2% in March, following an identical increase in February.
The index has increased for 12 consecutive months, largely driven by higher new housing prices in Ontario and British Columbia.
ON BAYSTREET
The TSX Venture Exchange tallied 7.92 points to 677.40.
All but two of the 13 TSX subgroups were in positive country in the day’s first hour. Utilities pushed 1.1%, energy gushed 0.9%, and materials improved 0.8%.
The lone laggard was health-care, down 0.3%, while information technology stocks were unchanged.
ON WALLSTREET
U.S. stocks traded in a range Thursday, after the Dow posted its worst day since February, as oil pared earlier gains and declines in shares of Apple weighed.
The Dow Jones Industrials recovered 32.29 points to 17,743.41, after collapsing more than 200 points Wednesday, with DuPont leading advancers and General Electric the greatest laggard.
The S&P 500 moved higher 4.4 points to 2,068.86, with materials leading eight sectors higher and utilities and health care the only decliners.
The NASDAQ Composite fell 7.19 points to 4,753.50. Apple declined 1.8% in morning trade to touch a fresh 52-week intraday low of $90.82 U.S.
In economic news, weekly jobless claims rose to 294,000. Import prices rose 0.3% in April, while export prices rose 0.5%.
Prices for the 10-year Treasury slid, raising yields to 1.75% from Wednesday’s 1.74%. Treasury prices and yields move in opposite directions.
Oil prices gained 22 cents a barrel to $46.45 U.S.
Gold prices picked up 88 cents to $1,278.09 U.S. an ounce.
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