May 16, 2019 / 2:30 PM / 2 months ago

CANADA STOCKS-TSX gains on higher oil prices, upbeat jobs data

May 16 (Reuters) - Canada’s main stock index rose for the third straight day on Thursday, boosted by energy stocks which gained on the back of higher oil prices and as a private survey showed higher job additions in April.

* At 9:42 a.m. ET (1342 GMT), the Toronto Stock Exchange’s S&P/TSX Composite index was up 61.05 points, or 0.37%, at 16,379.19.

* Ten of the index’s 11 major sectors were higher, led by the energy sector, which jumped 1.1%.

* Crude prices rose as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.

* U.S. crude prices and Brent crude added 1.4% each.

* Canada added 61,700 jobs in April, the second straight month of robust jobs gains, led by hiring in the education and health services and construction sectors, according to a report from ADP released on Thursday.

* The financials sector gained 0.3% while industrials rose 0.6%.

* The materials sector, which includes precious and base metals miners, was the only sector trading 0.3% lower.

* Gold prices slipped, pressured by technical selling after repeatedly failing to breach $1,300 this week and as the dollar gained on the back of strong economic data from the United States.

* On the TSX, 169 issues were higher, while 66 issues declined for a 2.56-to-1 ratio favouring gainers, with 14.64 million shares traded.

* The largest percentage gainer on the TSX was Boardwalk REIT, which jumped 7% after reporting quarterly results.

* Gold miner Torex Gold Resources Inc fell 2.9%, the most on the TSX.

* The most heavily traded shares by volume were Prometic Life Sciences Inc, Bombardier Inc and Aurora Cannabis Inc.

* The TSX posted six new 52-week highs and three new lows.

* Across all Canadian issues there were 15 new 52-week highs and seven new lows, with total volume of 29.16 million shares. (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta)

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