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CANADA STOCKS-TSX little changed as weak energy stocks offset broad gains

Published 2016-10-31, 10:06 a/m
© Reuters.  CANADA STOCKS-TSX little changed as weak energy stocks offset broad gains
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(Adds details on specific stocks, updates prices)

* TSX up 2.95 points, or 0.02 percent, to 14,788.24

* Eight of the TSX's 10 main groups move higher; energy drags

TORONTO, Oct 31 (Reuters) - Canada's main stock index rose slightly on Monday as gains across a range of sectors offset weakness among energy stocks as oil prices fell.

The most influential weights included Suncor Energy Inc SU.TO , which fell 1.1 percent to C$40.83, and Cenovus Energy Inc CVE.TO fell 0.9 percent to C$19.85.

The energy group retreated 0.8 percent, with oil prices sliding after non-OPEC producers made no specific commitment to join OPEC in limiting oil output to prop up prices, suggesting they want the oil producing group to solve its differences first. O/R

At 9:48 a.m. EDT (1348 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 2.95 points, or 0.02 percent, to 14,788.24.

Eight of the index's 10 main groups were in positive territory, although advancers only barely outnumbered decliners.

The heavyweight financials group gained 0.2 percent, with Toronto-Dominion Bank TD.TO up 0.3 percent to C$60.7 and Royal Bank of Canada RY.TO adding 0.2 percent to C$83.88.

Also among the most influential gainers was Canadian National Railway Co CNR.TO , which rose 0.2 percent to C$84.63, and Barrick Gold Corp ABX.TO , up 0.9 percent to C$23.09.

The materials group, which includes precious and base metals miners and fertilizer companies, added 0.3 percent.

U.S. crude CLc1 prices were down 1.7 percent at $47.89 a barrel, while Brent crude LCOc1 lost 1.9 percent to $48.75. O/R

Gold futures GCc1 fell 0.3 percent to $1,272.2 an ounce and copper prices CMCU3 advanced 0.1 percent to $4,850 a tonne. GOL/ MET/L

Canadian producer prices rose by 0.4 percent in September from August, pushed up by higher prices for energy and petroleum products as well as motorized vehicles, Statistics Canada said.

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