Canada Stocks: TSX drops as concerns over jump in COVID-19 infections weigh

Brookfield Business Partners LP

05/07/2021 15:03

(Updates prices, sectors)
    July 5 (Reuters) - Canada's main stock index fell on Monday
as concerns over a rise in coronavirus infections globally led
investors hold back on trades, while Brookfield Business
Partners jumped after it announced the takeover of a U.S. based
car parts maker for $3.4 billion.
    Brookfield Business Partners LP  BBU_u.TO  rose 2% after it
said it would acquire U.S. car parts maker DexKo Global Inc from
private equity firm KPS Capital Partners LP for $3.4 billion.
 urn:newsml:reuters.com:*:nL3N2OH2FH
    * At 9:49 a.m. ET (13:49 GMT), the Toronto Stock Exchange's
S&P/TSX composite index  .GSPTSE  was down 13.86 points, or
0.07%, at 20,212.25.
    * The energy sector  .SPTTEN  dropped 0.2% even as U.S.
crude  CLc1  prices were up 0.2% a barrel, while Brent crude
 LCOc1  added 0.2%.  O/R 
    * The financials sector  .SPTTFS  remain unchanged. The
industrials sector  .GSPTTIN  fell 0.1%.
    * The materials sector  .GSPTTMT , which includes precious
and base metals miners and fertilizer companies, added 0.2% as
gold futures  GCc1  rose 0.5% to $1,791.5 an ounce.  GOL/ 
 MET/L 
    * On the TSX, 94 issues were higher, while 123 issues
declined for a 1.31-to-1 ratio to the downside, with 10.00
million shares traded.
    * The largest percentage gainers on the TSX were Cascades
Inc  CAS.TO , which jumped 5.9% and Fairfax Financial Holdings
 FFH.TO , which rose 4.3%.
    * Interfor Corp  IFP.TO  fell 2.2%, the most on the TSX,
while the second biggest decliner was West Fraser Timber Co
 WFG.TO , down 2.0%.
    * The most heavily traded shares by volume were Toronto
Dominion Bank  TD.TO , Goldgroup Mining  GGA.TO  and Bombardier 
 BBDb.TO .
    * The TSX posted eight new 52-week highs and no new lows.
    * Across all Canadian issues there were 70 new 52-week highs
and six new lows, with total volume of 23.61 million shares.
 
    

 (Reporting by Shashank Nayar in Bengaluru, Editing by Franklin
Paul)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6182 2256;))