April 23, 2024

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CANADA Shares-TSX rises as technological know-how and utility shares shift larger

* TSX closes up 30.31 points, or .17%, at 17,623.88

* Information engineering shares increase .7%

TORONTO, Dec 24 (Reuters) – Canada’s primary stock index rose on Thursday in a shortened buying and selling session forward of the Christmas holiday, with gains led by the technological innovation and utility sectors as a extensive-awaited Brexit trade offer boosted investor sentiment.

* The Toronto Inventory Exchange’s S&P/TSX composite index shut up 30.31 points, or .17%, at 17,623.88.

* The facts technologies team rose .7%, served by a 1.7% progress in the shares of Shopify Inc, the stock with the major marketplace capitalization on the TSX.

* The premier share gainers on the index ended up TransAlta Corp and its greater part owned subsidiary TransAlta Renewables Inc, which jumped 4.9% and 6.5% respectively after the organization claimed it was advertising U.S. and Canadian electric power transmission belongings for $439 million to its renewable energy subsidiary.

* The utilities sector finished up .7%, though vitality was 1 of three significant sectors to shut lower, down .8%.

* U.S. crude oil futures were being up .4% at $48.30 a barrel.

* Britain clinched a slim Brexit trade deal with the European Union just seven times ahead of it exits 1 of the world’s most significant trading blocs in its most sizeable world-wide change given that the loss of empire.

* Domestically, the benefit of Canadian developing permits rose by 12.9% in November from Oct, simply beating analyst estimates of a 3.% achieve, Stats Canada knowledge confirmed. (Reporting by Fergal Smith Enhancing by Richard Chang)