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CANADA STOCKS-TSX edges lower, resource stocks offset broader gains

Published 2015-11-20, 11:14 a/m
© Reuters.  CANADA STOCKS-TSX edges lower, resource stocks offset broader gains
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* TSX down 4.36 points, or 0.03 percent, to 13,469.47
* Eight of the TSX's 10 main groups were higher

TORONTO, Nov 20 (Reuters) - Canada's main stock index dipped
on Friday, as weakness in energy and material stocks offset
gains across the rest of the index and domestic data revealed a
disappointing drop in retail sales.
The index remained on track for a weekly gain of more than 3
percent.
The energy group fell 0.8 percent, pressured by crude oil
prices stuck near three-month lows. O/R
Encana Corporation ECA.TO dropped 3.2 percent to C$10.39,
while Suncor Energy Inc SU.TO was down 0.7 percent at C$36.86.
U.S. crude CLc1 prices were down 1.3 percent to $40 a
barrel, while Brent LCOc1 added 0.1 percent to $44.24. O/R
The materials group dropped 1.3 percent, including a
pullback in gold stocks.
Barrick Gold Corp ABX.TO fell 2.1 percent to C$9.83, while
Goldcorp Inc G.TO was down 1.98 percent at C$15.86. Both
stocks rallied on Wednesday and Thursday.
Gold edged higher a day after hitting its lowest price since
early 2010, with futures GCc1 up 0.5 percent to $1,082.90 an
ounce. GOL/
Copper prices CMCU3 declined 0.3 percent to $4,618 a
tonne. MET/L
At 10:46 a.m. EST (1546 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE fell 4.36 points, or 0.03
percent, to 13,469.47.
Eight of the index's 10 main groups were in positive
territory.
Financials rose 0.2 percent, including a 1 percent gain for
Brookfield Asset Management Inc BAMa.TO to C$46.03.
Toronto-Dominion Bank TD.TO rose 0.4 percent to C$54.85,
while Royal Bank of Canada RY.TO was up 0.5 percent at
C$76.55.
BCE Inc BCE.TO firmed 0.4 percent to C$58.60 following
news it is expanding its control of HBO content in Canada.
urn:newsml:reuters.com:*:nL1N13E35B
Canadian retail sales unexpectedly fell by 0.5 percent in
Spetember, pointing to soft growth heading into the fourth
quarter. urn:newsml:reuters.com:*:nL1N13F0OS

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