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CANADA STOCKS-TSX little changed as gold prices weigh on resource shares

Published 2017-07-11, 10:55 a/m
© Reuters. CANADA STOCKS-TSX little changed as gold prices weigh on resource shares
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* TSX down 40.16 points, or 0.27 percent, at 15,065.12

* Six of 10 main groups in negative territory (Adds details, updates prices)

TORONTO/OTTAWA, July 11 (Reuters) - Canada's main stock index was little changed on Tuesday as lower commodity prices weighed on resource shares, while the heavyweight financials group also lost ground.

Gold producers .SPTTGD slipped 0.8 percent as gold futures GCc1 fell 0.3 percent to $1,209 an ounce with markets anticipating tighter U.S. monetary policy. GOL/

Barrick Gold ABX.TO fell 0.8 percent to C$20.2 and Agnico Eagle Mines AEM.TO was down 0.7 percent at C$56.95.

The resource sector .GSPTTMT was down 0.5 percent, with Potash Corp POT.TO down 1 percent at C$21.91.

Toronto Dominion Bank TD.TO was among the biggest drags on the index, down 0.4 percent at C$65.06, while Bank of Nova Scotia BNS.TO fell 0.7 percent to C$56.95.

The financials group .SPTTFS , which accounts for about 30 percent of the index, slipped 0.2 percent.

In mid-morning trade, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 40.16 points, or 0.27 percent, at 15,065.12. Of the index's 10 main groups, six were in negative territory.

Energy shares .SPTTEN recovered from early morning losses to rise 0.3 percent. Oil prices turned higher after being pressured as several banks cut their forecasts for crude this year and next. Energy SU.TO rose 0.2 percent to C$36.59, while Canadian Natural Resources CNQ.TO advanced 0.7 percent to C$37.22.

Shares of timber producers were mixed as wildfires in the western province of British Columbia disrupted timber and mining operations and forced thousands from their homes. Fraser Timber WFT.TO fell 0.3 percent to C$60.47 after it said it had temporarily suspended operations at three sites.

On the upside, shares of Alimentation Couche Tard ATDb.TO rose 2.1 percent to C$60.57 after TD Securities raised its target to C$78 from C$75. RCH/CA

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