Canada’s main stock index hit a fresh 2016 high on Thursday as energy stocks gained despite a slip in oil prices and financial and mining shares also rose.
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Canada’s main stock index hit a fresh 2016 high on Thursday as energy stocks gained despite a slip in oil prices and financial and mining shares also rose.
The index pushed above 13,000 for the first time this year on Wednesday as investors shook off worries about global growth amid upbeat data from major economies and signs of a rebound in commodity prices.
Among the most influential gainers was Canadian Natural Resources Ltd, which advanced 9 per cent to $32.87, even as it cut its 2016 capital expenditure and reported a sharp fall in profit.
