Aug 17 (Reuters) - Canada's main stock index rose on Monday,
boosted by shares of precious metal miners, as China rolled out
more stimulus to support the world's second-largest economy
during the COVID-19 pandemic.
* China's central bank on Monday rolled over maturing
medium-term loans while keeping borrowing costs unchanged for
the fourth straight month.
* The materials sector, which includes precious
and base metals miners, surged 4% on higher gold prices.
* Gold consolidated near the $1,950 mark after plunging 4.5%
last week, supported by a weaker dollar as investors await the
fine print on the U.S. Federal Reserve's strategy to stem the
economic toll of the coronavirus.
* The largest percentage gainer on the TSX was Barrick Gold
, which jumped 10.1%, as Berkshire Hathaway Inc
disclosed investment worth $563.6 mln in the miner.
* At 9:48 a.m. ET (1348 GMT), the Toronto Stock Exchange's
S&P/TSX composite index was up 121.96 points, or
0.74%, at 16,636.57.
* The energy sector was flat. U.S. crude
prices were up 0.4% a barrel, while Brent crude added
* On the TSX, 141 issues were higher, while 74 issues
declined for a 1.91-to-1 ratio favouring gainers, with 20.19
million shares traded.
* Cineplex Inc fell 2.4%, the most on the TSX,
after CIBC cut its target price on the entertainment and media
company. The second biggest decliner was oil and gas producer
Enerplus Corp, down 1.8%.
* The most heavily traded shares by volume were StageZero
Life Sciences Ltd, D-Box Technologies Inc and
Zenabis Global Inc.
* The TSX posted eight new 52-week highs and no new low.
* Across all Canadian issues there were 19 new 52-week highs
and four new lows, with total volume of 54.37 million shares.
(Reporting by Shivani Kumaresan in Bengaluru; Editing by Amy