August 24, 2018 / 2:06 PM / 3 months ago

CANADA STOCKS-Higher gold, crude oil prices lift TSX

Aug 24 (Reuters) - Canada’s main stock index gained on Friday after a rise in gold prices lifted shares of precious metal miners and higher oil drove gains in energy shares.

* Gold prices rose as the U.S. dollar came under pressure.

* Eight of the index’s 11 major sectors were higher, led by the material sector’s 1.2 percent rise.

* The energy sector climbed 0.9 percent as U.S. crude prices were up 1.7 percent per barrel, while Brent crude added 1.6 percent.

* At 9:44 a.m. ET (13:44 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 27.9 points, or 0.17 percent, at 16,354.69.

* Enbridge fell 1.8 percent, and was the biggest drag after the country’s largest pipeline operator said it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened $3.3 billion deal.

* Marijuana stocks gained after a Bloomberg report that U.K. alcohol giant Diageo is holding serious discussions with at least three major cannabis producers as it seeks to add marijuana-infused beverages to its portfolio of global brands.

* Aphria rose 5.4 percent, the most on the main index, while Canopy Growth and Aurora Cannabis gained about 2 percent each.

* MAG Silver Corp gained 4 percent and was the second-biggest percentage gainer on the TSX.

* On the TSX, 142 issues were higher, while 96 issues declined for a 1.48-to-1 ratio favouring gainers, with 21.62 million shares traded.

* Parkland Fuel fell 2.5 percent, the most on the TSX, and the second-biggest decliner was Corus Entertainment , which was down 2 percent.

* The most heavily traded shares by volume were those of Aurora Cannabis, Red Eagle Mining and Aphria.

* The TSX posted four new 52-week highs and no new lows.

* Across all Canadian issues there were eight new 52-week highs and three new lows, with total volume of 32.36 million shares. (Reporting by Amy Caren Daniel in Bengaluru)

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