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CWB - Canadian Western Bank News Story

C$26.57 -0.0  -0.0%

Last Trade - 25/09/20

Mid Cap
Market Cap £1.36bn
Enterprise Value £3.19bn
Revenue £516.9m
Position in Universe 158th / 2683

CANADA STOCKS-TSX rises modestly with gold miners; oil weighs

Thu 1st September, 2016 3:57pm
(Adds details on stocks and sectors, updates prices) 
    * TSX rises 51.04 points, or 0.35 percent, to 14,648.99 
    * Half of the TSX's 10 main groups move higher 
    TORONTO, Sept 1 (Reuters) - Canada's main stock index moved 
slightly higher on Thursday as gold miners bucked bullion's fall 
after an August sell-off and investors cheered the expansion of 
Tim Hortons into Britain. 
    The coffee and doughnut chain's owner Restaurant Brands 
International Inc  QSR.TO  was among the most influential movers 
on the index, up 2.2 percent to C$63.73. 
    Gold miners also gained, even as the price of gold fell, 
after having lost significant ground over the course of August, 
with Barrick Gold  ABX.TO  adding 2.5 percent to C$22.84.  
    At 10:14 a.m. EDT (1414 GMT), the Toronto Stock Exchange's 
S&P/TSX composite index  .GSPTSE  was up 51.04 points, or 0.35 
percent, to 14,648.99. 
    The global gold mining sub-sector  .SPTTGD  had lost some 20 
percent of its value in August, while spot gold was down around 
3 percent over the same period.  
    The energy group fell 0.5 percent as rising supply weighed 
on crude prices.  O/R  The financials group slipped 0.3 percent. 
    Dollarama Inc  DOL.TO  rose 0.7 percent to C$97.57 after the 
dollar store operator reported a higher-than-expected profit.*:nL3N1BD405 
    Shares in Canadian Western Bank  CWB.TO  gained 1.8 percent 
to C$26.81 despite a drop in third-quarter earnings and a 
warning that lower crude prices will keep its oil and gas loan 
portfolio under strain in the energy-producing province of 
    Shares in First Majestic Silver Corp  FR.TO  declined 5.1 
percent to C$15 after a hedge fund disclosed a short position in 
the stock.*:nL1N1BD0Q8 
    The materials group, which includes precious and base metals 
miners and fertilizer companies, added 1.2 percent. 
    Both Potash Corp  POT.TO  and Agrium Inc  AGU.TO  slipped 
after two days of gains tied to their announcement of talks to 
merge. Farmers plan to pressure regulators to protect their 
interests in any deal.*:nL1N1BC2LP 
    Potash Corp declined 0.8 percent to C$23.56 and Agrium 
slipped 1.3 percent to C$124.69. 
    Half of the index's 10 main groups were in positive 
    Canadian manufacturing cooled in August to its lowest pace 
of growth in six months as new orders slowed, a survey of the 
sector showed.*:nN9N19M022 
    Canada signed 56 deals with China worth more than C$1.2 
billion ($915 million) during a visit to the country by Prime 
Minister Justin Trudeau.*:nL3N1BD3UV 
 (Reporting by Alastair Sharp; Editing by Phil Berlowitz) 
 ((; +1 416 941 8118; Reuters 
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