December 20, 2019 / 3:53 PM / a month ago

CANADA STOCKS-TSX hits record high as U.S. house passes USMCA deal

Dec 20 (Reuters) - Canada’s main stock index hit a record high on Friday after the U.S. House of Representatives approved a new North American trade deal, also supported by gains in BlackBerry shares after its upbeat quarterly results.

* At 09:45 a.m. ET (14:45 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 56.25 points, or 0.33%, at 17,120.29.

* The U.S. House of Representatives overwhelmingly approved a new North American trade deal on Thursday that includes tougher labor and automotive content rules but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.

* The largest percentage gainer on the TSX was BlackBerry Ltd, which jumped 10.4% as its revenue and profit beat estimates, boosted by demand in its patent licensing and cybersecurity businesses.

* Its shares helped the technology sector gain 0.7%, the most among 10 of the index’s 11 major sectors that rose.

* The energy sector climbed 0.2% while the heavyweight financials sector gained 0.4%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.1%.

* On the TSX, 137 issues were higher, while 84 issues declined for a 1.63-to-1 ratio favouring gainers, with 74.67 million shares traded.

* Bombardier Inc fell 3.3%, the most on the TSX. The second-biggest decliner was Alacer Gold Corp, down 2.7%.

* The most heavily traded shares by volume were Bombardier, Enbridge Inc and Manulife Financial Corp.

* The TSX posted seven new 52-week highs and no new lows.

* Across all Canadian issues there were 111 new 52-week highs and seven new lows, with total volume of 88.60 million shares. (Reporting by Medha Singh in Bengaluru; Editing by Vinay Dwivedi)

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