国际英语资讯:Financials and IT stocks lift Canadian market higher_时事

国际英语资讯:Financials and IT stocks lift Canadian market higher

The remaining groups that ended Tuesday on a positive were: Consumer Discretionary (0.60 percent), Materials (0.49 percent), Consumer Staples (0.48 percent), Utilities (0.47 percent), Industrials (0.40 percent), Health Care (0.38 percent), and Telecommunications (0.27 percent).

Industrials group was supported by a 5.18 percent jump in shares of Toromont Industries Ltd. The Toronto-based equipment and refrigeration firm reported strong fourth quarter financials that saw year-over-year increases in revenue (3.61 percent) and net earnings (6.86 percent).

Also reporting fourth quarter earnings was Calgary-based WestJet Airlines Inc. The firm reported that 2016 earnings fell 19.59 percent to 295.5 million Canadian dollars. As a result of the news, shares of the country's second largest airline slipped 2.47 percent to 21.69 Canadian dollars (16.47 U.S. dollars).

The lone group to finish in the red on Tuesday was Energy, stumbling 0.92 percent after the American Petroleum Institute reported a surge in crude oil inventories. The organization reported an increase of 14.2 million barrels for the week ending Feb. 3, exceeding the market expectation of 2.5 million barrels. As a result, Brent crude for April delivery slipped 1.31 percent to 55.13 U.S. dollars a barrel.

Shares of Calgary-based firms Baytex Energy Corp. and Encana Corporation were among the top-five most traded on the day. Baytex shares fell 4.63 percent to 4.74 Canadian dollars (3.60 U.S. dollars). Meanwhile, Encana slumped 2.99 percent to close at 15.60 Canadian dollars (11.85 U.S. dollars), its ninth straight session without a gain.