for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

CANADA STOCKS-TSX flat as energy drag offsets gains in materials, tech

Dec 16 (Reuters) - Canada’s main stock index treaded waters on Wednesday as investors weighed weakness in energy shares against gains in the materials and technology sectors and hopes of fresh U.S. stimulus.

* At 10:08 a.m. ET (1508 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 4.03 points, or 0.02%, at 17,510.51.

* The energy sector dropped 1.6% as U.S. crude prices were down 0.3% a barrel, while Brent crude lost 0.3%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.9% and technology sector gained 0.68%.

* The gains in the materials sector was led by Labrador Iron Ore Royalty Corp and SilverCrest Metals Inc both up 4.2%.

* Canada’s annual inflation rate accelerated to 1.0% in November, beating analyst expectations on higher shelter prices as rents climbed and home replacement costs increased, Statistics Canada said.

* On the TSX, 94 issues were higher, while 124 issues declined for a 1.32-to-1 ratio to the downside, with 40.97 million shares traded.

* Air Canada fell 7.7%, the most on the TSX, after the airlines announced the pricing of its public offering of shares. The second-biggest decliner was marine port service provider Westshore Terminals Investment Corp, down 3.8%.

* The most heavily traded shares by volume were Air Canada, BCE Inc and National Bank of Canada.

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

* Across all Canadian issues, there were 39 new 52-week highs and one new low, with total volume of 42.50 million shares. (Reporting by Amal S in Bengaluru; Editing by Maju Samuel)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up