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CANADA STOCKS-TSX flat as declines in Eldorado, energy offset financials' gains

Published 2017-10-23, 04:59 p/m
© Reuters.  CANADA STOCKS-TSX flat as declines in Eldorado, energy offset financials' gains
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TORONTO, Oct 23 (Reuters) - Canada's main stock index ended little changed on Monday, as a plunge in Eldorado Gold Corp ELD.TO and losses for energy stocks offset gains in the financial and mining sectors.

Eldorado dropped 27.8 percent to C$1.97 after lowering production guidance for a gold mine in Turkey. Brent crude oil prices LCOc1 slipping, shares of energy companies declined. Canadian Natural Resources Ltd CNQ.TO gave back 1.3 percent to C$41.14.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE closed down 1.46 points, or 0.01 percent, to 15,855.76. Seven of its 10 main sectors were positive.

The financial sector edged higher. Royal Bank of Canada RY.TO rose 0.2 percent to C$101.42, and Bank of Nova Scotia BNS.TO gained 0.4 percent to C$81.26.

A rise in bullion prices helped fuel a gain in the materials sector. Barrick Gold Corp ABX.TO added 1 percent to C$20.42. However, Yamana Gold Inc YRI.TO slipped 2 percent to C$3.34.

Hudson's Bay Co's HBC.TO shares fell 1.8 percent to C$11.75 after the company said late on Friday that Chief Executive Gerald Storch would leave the company. Activist investor Jonathan Litt said on Monday he is considering seeking the removal of several directors at a special shareholder meeting.

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