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Canadian stock market surged Wednesday

Source: Xinhua| 2017-12-28 07:20:02|Editor: Chengcheng
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TORONTO, Dec. 27 (Xinhua) -- Canada's main stock index rose Wednesday to a record high due to as a rally in commodity prices boosted the energy and materials sectors while healthcare gained over 6 percent as shares of marijuana companies jumped.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index jumped 37.86 points, or 0.23 percent, to close the day at 16,203.13. Five of the 10 main groups closed higher.

Energy shares rose 1.6 percent, with Suncor Energy Inc up 2.5 percent to 45.82 Canadian dollars.

The materials sector, which includes precious and base metals miners and fertilizer companies, advanced 0.9 percent.

Teck Resources Ltd, which exports steelmaking coal and mines metals, including copper, climbed 3.1 percent to 33.33 Canadian dollars.

Aurora Cannabis rallied 11.1 percent and CanniMed Therapeutics rose nearly 4 percent, while Canopy Growth Co was the largest percentage gainer on the TSX. It surged 20.1 percent to 27.77 Canadian dollars.

The largest decliner on the index was Centerra Gold, which fell 10.3 percent to 6.50 Canadian dollars.

The heavyweight financials group lost 0.3 percent and technology shares declined 0.6 percent.

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