Canadian stock market ends higher Monday – Xinhua

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TORONTO, Jan. 15 (Xinhua) — Canada’s main stock index rose Monday due to increasing shares of cannabis producers and sharp gains for gold miners.

The Toronto Stock Exchange’s S&P/TSX composite index rose 63.63 points, or 0.39 percent, to close the day at 16,371.81. Seven of its 10 main sectors were up.

Cannabis companies bounced back after heavy losses last week, with Canopy Growth Corp WEED.TO surging 12.8 percent to 36.50 Canadian dollars and Aphria Inc APH.TO soared 20.4 percent to 21.70 Canadian dollars

The materials group, which includes precious and base metals miners and fertilizer companies, gained 1.6 percent as a weaker U.S. currency boosted the price of gold to its highest since last September.

Goldcorp Inc G.TO jumping 6.8 percent to 19.10 Canadian dollars and Barrick Gold Corp ABX.TO climbed 3.2 percent to 19.49 Canadian dollars.

BlackBerry Ltd BB.TO, which launched new cybersecurity software which identifies vulnerabilities in programs used in self-driving cars, jumped 2.8 percent to 17.48 Canadian dollars

The energy group rallied 0.4 percent as oil prices hovered near a three-year high, while financials edged up 0.2 percent, with Sun Life Financial Inc SLF.TO up 2.8 percent to 53.78 Canadian dollars.

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