(MENAFN- ProactiveInvestors) Canadian shares advanced on Tuesday led by the three heavyweights-materials energy and financials.
The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.2% to 13033 at 11:59 a.m. in Toronto. The benchmark gauge has lost 11% this year.
The materials sub-index which includes mining shares gained 1.2% even as gold futures turned lower. (TSE:ABX) Canada’s second-largest gold miner gained 0.6% to C$8.44 paring this year’s plunge to 32%. (TSE:FM) a copper miner added 1.1% to C$4.70.
December gold surrendered 0.1% to trade at $1131 an ounce on Comex.
The energy sector rose 0.7% as oil Canada’s largest export headed higher on Tuesday. Energy (TSE:SU) Canada's largest oil sands producer edged up 0.5% to C$34.76. Limited () Canada’s second-largest energy producer gained 0.9% to C$25.70.
November West Texas Intermediate crude tacked on 2.3% to $45.47 a barrel on the New York Mercantile Exchange.
Financials the index's most heavily weighted sector inched up 0.2%. () which has the heaviest weighting in the index rose 0.5% to C$71.42. Toronto-Dominion Bank (TSE:TD) the second-largest bank by market value added 0.3% to C$51.26.
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