TORONTO – Canada’s main stock index closed up nearly 100 points on Thursday, with energy leading the way as some of the country’s biggest oil names reported stronger-than-expected quarterly earnings.
The S&P/TSX composite index was up 92.88 points at 25,254.06.
Alongside the energy subindex, industrials, telecom and base metals also saw healthy gains.
Oilsands heavyweights Cenovus Energy Inc. and Canadian Natural Resources Ltd. reported their latest quarterly results on Thursday, and both handily beat analyst expectations for profits.
BCE Inc., meanwhile, chopped its dividend as the telecom giant faces intense price competition and sustained regulatory uncertainty against a backdrop of macroeconomic and geopolitical instability. It will now pay a quarterly dividend of 43.75 cents per share, down from…
