CANADA STOCKS-TSX slips after 6-day rally as miners weigh
* At
* The Bank of Canada left its key interest rate unchanged at 0.25%, and said it would maintain its current policy of quantitative easing. The central bank reiterated it would leave rates unchanged until some point in 2023.
* The Canadian dollar was trading 0.3% higher at
* Miners fell most on the index as gold prices decreased 1%, with optimism over COVID-19 vaccine developments prompting a rush for riskier assets.
* SSR Mining Inc (SSRM) fell 4.0%, the most on the TSX, while the second biggest decliner was Silvercorp Metals Inc (SVM) , down 3.7%.
* The energy sector gained 1.6% on a jump in U.S. crude prices due to hopes of a recovery in fuel demand and the U.S. dollar, in which oil is traded, reached 2 1/2-year lows.
* Shares in oil producer Whitecap Resources Inc (SPGYF)
jumped almost 12% to the top of TSX after it agreed to buy rival
TORC Oil & Gas Ltd (VREYF) in an all-stock deal valued at about
** Dollarama Inc (DLMAF) rose almost 3% after it beat analysts' estimates for third-quarter sales.
* Among other top gainers on the TSX was Vermilion Energy Inc, which rose 4.1%.
* The most heavily traded shares by volume were Whitecap Resources Inc (SPGYF), Crescent Point Energy Corp and Air Canada.
* The TSX posted eight new 52-week highs and no new lows.
* Across all Canadian issues there were 67 new 52-week highs and five new lows, with total volume of 72.96 million shares.
* On the TSX, 109 issues were higher, while 108 issues
declined for a 1.01-to-1 ratio favoring gainers, with 37.09
million shares traded.
(Reporting by Sruthi Shankar in Bengaluru; Editing by