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CANADA STOCKS-TSX flat as U.S. inflation report weighs, miners gain

Published 2018-02-14, 10:47 a/m
© Reuters.  CANADA STOCKS-TSX flat as U.S. inflation report weighs, miners gain
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(Adds details on sectors, company stock moves)

TORONTO, Feb 14 (Reuters) - Canada's main stock index was little changed on Wednesday after a robust U.S. inflation report weighed on investor sentiment, while mining stocks climbed with commodity prices.

U.S. consumer prices rose at a faster-than-expected rate in January, raising concerns that the Federal Reserve will accelerate its timetable to raise interest rates this year. At 10:10 a.m. EST (1510 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 1.59 points, or 0.01 percent, to 15,214.88.

* The materials group, which includes precious and base metals miners, added 2.1 percent. The prices of gold, silver and copper posted strong gains. Barrick Gold Corp ABX.TO advanced 2.5 percent to C$17.04, and Goldcorp Inc G.TO rose 2.6 percent to C$16.39.

* The financials sector was down 0.2 percent. Canadian Imperial Bank of Commerce CM.TO lost 0.4 percent to C$114.24, and Bank of Nova Scotia BNS.TO declined 0.4 percent to C$76.58.

* The energy group slipped 0.2 percent, and Suncor Energy SU.TO fell 1.1 percent to C$41.72.

* The TSX posted four new 52-week highs and 11 new lows. Across all Canadian issues there were five new 52-week highs and 24 new lows.

* The largest percentage gainer on the exchange was Colliers International CIGI.TO , which rose 7 percent. The largest decliner was Crew Energy CR.TO , down 3.1 percent.

* Volume on the TSX index was 37.94 million shares. Total volume on Wednesday was 68.77 million shares.

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