May 31 (Reuters) - Canada's main stock index hit a fresh
record high on Monday and was on course for a fourth month of
gains as a jump in oil prices lifted energy stocks.
* At 09:43 a.m. ET (13:43 GMT), the Toronto Stock Exchange's
S&P/TSX composite index was up 34.49 points, or 0.17%,
at 19,886.67. The benchmark was on course to end May with a near
* Energy stocks climbed 1.7% to lead sectoral
gains as U.S. crude prices and Brent crude added
* A Reuters poll of strategists predicted that the main
index will climb above the 20,000 mark by the end of 2021 as a
recovery in the global economy from the coronavirus crisis
boosts the outlook for resource stocks.
* Data showed Canada's current account balance was a surplus
of C$1.18 billion ($977.47 million) in the first quarter, from a
revised C$5.27 billion deficit in the fourth quarter of 2020,
due to higher trade in goods and services.
* Cloud-based software maker Dye & Durham Ltd
jumped 18.0% to the top of TSX as a management-led shareholder
group offered to acquire the company for about C$3.4 billion
* Energy firm Pieridae Energy Ltd rose 2.4% after
the company said it hired Japanese lender MUFG Bank to help
raise $10 billion for its proposed Goldboro liquefied natural
gas (LNG) export plant in Nova Scotia.
* Dundee Precious Metals fell 4.4%, the most on the
TSX, after it agreed to buy INV Metals Inc, which
soared 51%. The second biggest decliner was Cronos Group Inc
, down 3.8%.
* The most heavily traded shares by volume were Athabasca
Oil, Baytex Energy and Whitecap Resources
* On the TSX, 136 issues were higher, while 78 issues
declined for a 1.74-to-1 ratio favoring gainers, with 9.33
million shares traded.
* The TSX posted 9 new 52-week highs and no new lows.
* Across all Canadian issues there were 63 new 52-week highs
and 5 new lows, with total volume of 27.06 million shares.
(Reporting by Sruthi Shankar in Bengaluru
Editing by Bernadette Baum)