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* Nine of 10 main index sectors advance By John Tilak TORONTO, March 24 (Reuters) - Canada's main stock index rose for a third straight session on Tuesday, driven by gains in shares of energy producers and financial companies despite sluggish economic data from China. A private survey showed that China's factory sector activity fell to its lowest level in 11 months in March, raising concerns about growth in the world's second-biggest economy and increasing hopes that the government might provide more stimulus. Energy shares shrugged off weakness in the price of oil, which was hit by a rebound in the U.S. dollar. The TSX is up about 3 percent so far this year. "It's quite likely that value investors are getting into the market as the TSX has underperformed the U.S. stock market for quite a while," said Elvis Picardo, strategist and vice president of research at Global Securities in Vancouver. He expects the Canadian market to record a drop between now and the end of the year. The Toronto Stock Exchange's S&P/TSX composite index closed up 124.05 points, or 0.83 percent, at 15,081.26. Nine of the 10 main sectors on the index were higher. Financials, the index's most heavily weighted sector, rose 0.5 percent. Royal Bank of Canada added 0.4 percent to C$77.02, and Toronto Dominion Bank was up 0.6 percent at C$54.45. Shares of energy producers climbed 1.2 percent. Canadian Natural Resources Ltd jumped 1.6 percent to C$37.93, and Suncor Energy Inc gained 0.6 percent to C$35.97. (Editing by Jeffrey Benkoe and Leslie Adler)
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Canadian Natural Resources Ltd
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PRODUCER |
CODE : CNQ.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Canadian Natural is a producing company based in Canada. Canadian Natural produces oil in Canada, and holds various exploration projects in Canada. Its main asset in production is HORIZON PROJECT in Canada. Canadian Natural is listed in Canada and in United States of America. Its market capitalisation is CA$ 117.2 billions as of today (US$ 85.2 billions, € 80.1 billions). Its stock quote reached its lowest recent point on March 20, 2020 at CA$ 10.50, and its highest recent level on April 19, 2024 at CA$ 105.31. Canadian Natural has 1 112 579 968 shares outstanding. |