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CANADA STOCKS-TSX seesaws as financials weigh

Published 2016-04-21, 11:06 a/m
© Reuters.  CANADA STOCKS-TSX seesaws as financials weigh
XAU/USD
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(Adds details on sectors and stocks throughout, updates prices)
* TSX down 12.78 points, or 0.09 percent, at 13,898.51
* Six of the TSX's 10 main groups were lower

TORONTO, April 21 (Reuters) - Canada's main stock seesawed
on Thursday as losses for financial sector stocks offset gains
for the materials group.
Still, the index has rallied more than 20 percent since
hitting a nearly 3-1/2-year low in January. It reached a nearly
six-month high on Wednesday at 13,971.83.
The most influential movers on the index included its
heavyweight bank stocks. Royal Bank of Canada RY.TO fell 0.6
percent to C$77.43, and Toronto-Dominion Bank TD.TO declined
0.4 percent to C$56.15.
The overall financials group fell 0.6 percent.
Bombardier Inc BBDb.TO fell 2.9 percent to C$1.69. Canada
will not give the struggling aircraft maker federal aid without
assurances on jobs, investment in research and the location of
the company's headquarters, a senior government official said on
Wednesday.
The energy group dipped 0.1 percent as oil prices fell.
U.S. crude CLc1 was down 1.9 percent at $43.34 a barrel.
Consumer staples stocks also lost ground, falling 0.8
percent. Alimentation Couche-Tard Inc ATDb.TO was down 1.8
percent at C$57.02.
At 10:49 a.m. EDT (1449 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE fell 12.78 points, or 0.09
percent, to 13,898.51. Six of the index's 10 main groups were
lower.
The materials group, which includes precious and base metals
miners and fertilizer companies, rose 1.6 percent.
Barrick Gold Corp ABX.TO rose 3.2 percent to C$20.71,
while Potash Corp of Saskatchewan Inc POT.TO rallied 2.8
percent to C$23.37.
Spot gold XAU= rose 0.5 percent. GOL/

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