2 Minute Read by Reuters Staff (Updates prices, sectors) Reuters, July 6 – On Tuesday, Canada’s main stock index reverted to a lower level, as a decrease in energy stocks due to lower oil prices offset advances in miners. * The energy sector dropped 3.2 percent, with Cenovus Energy Inc and Crescent Point Energy Corp leading the way with 5.3 percent and 3.7 percent drops, respectively. After OPEC+ producers fought over plans to raise production to meet rising global demand, oil prices plummeted more than a percent after hitting multi-year highs earlier in the session. The Toronto Stock Exchange’s S&P/TSX composite index was down 50 points, or 0.25 percent, at 20,231.46 at 9:39 a.m. ET (13:39 GMT). * As gold futures surged 1.4 percent to $1,808 an ounce, the materials sector, which includes precious and base metals miners and fertilizer businesses, gained 0.5 percent. Centerra Gold Inc and NovaGold Resources Inc, both gold miners, were the biggest percentage gainers on the TSX, jumping 4.2 percent and 3.9 percent, respectively. * Home sales in Toronto dipped slightly in June from the previous month, according to official statistics from the Toronto Regional Real Estate Board, as market activity continued to drop from record highs achieved in March. The financials sector lost 0.4 percent of its value. The industrials industry remained unaffected. With 18.29 million shares traded on the TSX, 80 issues were higher and 143 issues were lower, for a 1.79-to-1 ratio to the downside. Bank of Nova Scotia, Toronto-Dominion Bank, and Bombardier Inc.* were the most heavily traded stocks by volume. There were five new 52-week highs and no new lows for the TSX. With a total volume of 36.57 million shares, there were 53 new 52-week highs and six new lows across all Canadian issues. (Bengaluru-based reporter Amal S contributed to this report; Aditya Soni edited it.)/n
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