By Reuters Staff
(Updates prices, adds sector details)
May 3 (Reuters) - Canada’s main stock index rose on Monday, boosted by material shares, as data showed Canadian manufacturing activity grew for a 10th straight month in April. Also lifting sentiment, business jet maker Bombardier Inc jumped 5.4% after it forecast first-quarter business jet revenues to rise by 18% helped by improving demand for air travel. At 09:49 a.m. ET (1349 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 138 points, or 0.72%, at 19,246.33. Domestic data showed manufacturing PMI dipped to a seasonally adjusted 57.2 in April, a near record-setting pace, as Canada’s government lined up billions in new spending to provide emergency support during a virulent third wave of COVID-19.
CANADA STOCKS-TSX rises after materials boost, positive factory data
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