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CANADA STOCKS-TSX barely higher as miner stocks offset weaker energy

Published 2017-08-21, 12:07 p/m
© Reuters.  CANADA STOCKS-TSX barely higher as miner stocks offset weaker energy
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* TSX up 4.01 points, or 0.03 percent, to 14,956.34.

* Seven of the TSX's 10 main groups move higher

TORONTO, Aug 21 (Reuters) - Canada's main stock index was barely higher in morning trade on Monday, as sharp gains for several base metal miners offset losses for heavyweight energy stocks which slipped in line with a decline in crude oil prices.

First Quantum Minerals Ltd FM.TO jumped 6.6 percent to C$13.74 after Zambia restored full electricity supply to two of its copper mines on the weekend, after reducing them last week over a pricing dispute. highest a fresh high last hit in late 2014 also boosted First Quantum and other copper mining companies, with Hudbay Minerals Inc HBM.TO up 6.3 percent to C$10.59 and Lundin Mining Corp LUN.TO adding 2.8 percent to C$9.28.

Copper prices CMCU3 were up 1.4 percent at $6,574 a tonne. MET/L

The materials group, which also includes precious metal miners and fertilizer companies, added 1.1 percent. Six more of the index's 10 main groups traded in positive territory.

At 11:50 a.m. ET (1550 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 4.01 points, or 0.03 percent, at 14,956.34.

The energy group retreated 1.3 percent, with Canadian Natural Resources Ltd CNQ.TO down 1.5 percent at C$38.13, as U.S. crude CLc1 prices fell 1 percent to $48.05 a barrel and Brent LCOc1 lost 1.5 percent to $51.95. O/R

CannTrust Holdings Inc TRST.CD , traded at C$2.61 on its first day of public trade on the smaller Canadian Securities Exchange, after pricing convertible warrants at C$2 in June.

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