Economy

TSX touches more than 2-week high, National Bank lifts

TSX touches more than 2-week high, National Bank lifts”

The overall financials group added 0.2 percent. "Everything's in place to create a good environment for banks".

The Toronto Stock Exchange's S&P/TSX composite index fell 56.66 points, or 0.38 percent, to 14,999.33.

A batch of robust economic data for the second quarter has set expectations that Canada's gross domestic product data, due on Thursday, will show a 3.7 percent rise.

Canada's main stock index continued down Monday as energy stocks weighed things down.

"Banks are cheap, yield plays are cheap". The move helped lift the industrials group 0.6 percent.

National Bank of Canada, which reported better than forecast quarterly results, was among the biggest positive drivers of the index, rising 2.3 percent to C$56.67. Individual losses were modest, however, with Enbridge Inc slipping 0.5 percent to C$49.56.

In the heavily weighted energy sector, Canadian Natural Resources Ltd CNQ.TO slipped 0.1 percent to 38.60 Canadian dollars, and Suncor Energy Inc SU.TO fell 0.6 percent to 38.96 Canadian dollars. percent.

Canada's main stock index fell on Monday as a decline in US crude oil prices following the impact of Tropical Storm Harvey weighed on shares of companies in the energy sector.

The healthcare group rallied added 1.7 percent.



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