| CANADA STOCKS-TSX up after U.S. Fed comments ease market concerns | |
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* Eight of 10 main index sectors rise By John Tilak TORONTO, March 18 (Reuters) - Canada's main stock index hit its highest level in more than a week on Wednesday after the U.S. Federal Reserve opened the door further to the possibility of an interest rate increase. The U.S. central bank's comments were released after a two-day policy meeting and were less hawkish than expected. The bank provided more clarity about plans to raise interest rates, but stopped short of saying when that could happen. Oil prices rebounded sharply after the statement as the U.S. dollar weakened, paring early losses on increasing crude inventories. The shares of energy producers rose as well, with the overall sector up 2.6 percent. The benchmark TSX gained for a third straight session. "The equity markets are certainly applauding the decision. This could mean that they are not going to be quick in raising rates," said Philip Petursson, managing director of capital markets & strategy at Manulife Asset Management. "The Fed is still cautious and wary about the sustainability of economic growth. They are taking baby steps to a full-blown tightening cycle." The Toronto Stock Exchange's S&P/TSX composite index closed 63.71 points, or 0.43 percent, higher at 14,962.24. Eight of the 10 main sectors on the index were higher. Among energy companies, Suncor Energy Inc shares jumped 2.3 percent to C$35.93 and Encana Corp rose 3.1 percent to C$14.35. The gold-mining sector added 3.7 percent, reflecting strength in the bullion price. Barrick Gold Corp advanced more than 4.9 percent to C$13.82 and Goldcorp Inc was up 1.5 percent to C$23.85. (Editing by Jeffrey Benkoe and Andre Grenon)
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Encana Corporation
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EXPLORATEUR |
CODE : ECA.TO |
ISIN : CA2925051047 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Encana est une société de production minière de pétrole et de gaz basée au Canada. Encana détient divers projets d'exploration au Canada. Son principal projet en exploration est BUFFALO HILLS au Canada. Encana est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 4,8 milliards CA$ (3,7 milliards US$, 3,3 milliards €). La valeur de son action a atteint son plus haut niveau récent le 23 novembre 2018 à 9,99 CA$, et son plus bas niveau récent le 24 janvier 2020 à 4,96 CA$. Encana possède 973 120 000 actions en circulation. |