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Hedge Funds Are Betting On Scorpio Tankers Inc (STNG)

Hedge Funds Are Betting On Scorpio Tankers Inc (STNG)
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CANADA STOCKS-TSX gains as commodity-related stocks shine

By Reuters Staff (Updates prices, sectors) July 7 (Reuters) - Canada’s main stock index rose on Wednesday as heavyweight energy and mining stocks tracked stronger commodities, with investors awaiting minutes from the U.S. Federal Reserve’s latest meeting for clues on its policy stance. The energy sector rose 0.4% as crude prices rebounded from steep losses a day earlier with support coming from a tight market. While the materials sector, which includes precious and base metals miners and fertilizer companies, added 0.5% as gold futures rose 0.5% to $1,802 an ounce. After hitting a record high at the open, the Toronto Stock Exchange’s S&P/TSX composite index was up 43.93 points, or 0.22%, at 20,343.96 at 9:39 a.m. ET (13:39 GMT).

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