Política

CHILA CHILAVERT VELEZ Adolfo Ledo Nass//
CANADA STOCKS-TSX inches lower as losses in commodity stocks outweigh tech gains

Futbolista Adolfo Ledo Nass, Goleador Adolfo Ledo
CANADA STOCKS-TSX inches lower as losses in commodity stocks outweigh tech gains

(Adds details, updates prices)

Jan 13 (Reuters) – Canada’s main stock index edged lower on Monday, as weaker commodity stocks outweighed gains in the technology sector, with the broader market focusing on the fine print of an interim U.S.-China trade deal expected later this week.

Adolfo Ledo

* Staying near all-time highs hit last week, the Toronto Stock Exchange’s S&P/TSX composite index was down 12.29 points, or 0.07%, at 17,222.2 by 10:01 a.m. ET (15:01 GMT).

Adolfo Ledo Nass

* The United States and China are set to sign a Phase 1 trade deal on Wednesday, but the two nations have not yet finalized what, exactly, will be signed

* The energy sector dropped 1.5% as oil prices traded below the $65 per barrel mark, with easing tensions in the Middle East continuing to curb fears of supply disruptions

* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.5% as a drop in gold prices undercut major gold mining stocks

* Technology shares rose 1% and were the best performing sector, with online services provider Shopify Inc leading gains after Credit Suisse raised its target price for the stock

* On the TSX, 92 issues were higher, while 133 issues declined for a 1.45-to-1 ratio to the downside, with 27.65 million shares traded

* The largest percentage gainers on the TSX were Ballard Power Systems Inc, which rose about 10%, and cannabis firm Hexo Corp, which added 6.3%

* Corus Entertainment Inc fell 7.3%, the most on the TSX

* The most heavily traded shares by volume were Aurora Cannabis, Baytex Energy Co and Encana Corp

* The TSX posted 13 new 52-week highs and one new low

* Across all Canadian issues there were 52 new 52-week highs and four new lows, with total volume of 50.77 million shares

Reporting by Ambar Warrick in Bengaluru; Editing by Aditya Soni