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CANADA STOCKS-TSX rises with financial stocks; Eldorado slumps

Published 2017-10-23, 10:57 a/m
© Reuters.  CANADA STOCKS-TSX rises with financial stocks; Eldorado slumps
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TORONTO, Oct 23 (Reuters) - Canada's main stock index edged higher on Monday, with a gain in the financial sectors offset by a selloff in shares of Eldorado Gold Corp ELD.TO .

Eldorado fell 15.6 percent to C$2.31 after lowering production guidance for a gold mine in Turkey. Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 30.97 points, or 0.2 percent, at 15,888.19. Eight of its 10 main sectors were higher.

The financial sector added 0.2 percent. Royal Bank of Canada RY.TO rose 0.3 percent to C$101.54, and Bank of Nova Scotia BNS.TO gained 0.4 percent to C$81.29.

Weakness in bullion prices weighed on the gold-mining sector. Goldcorp Inc G.TO gave back 0.5 percent to C$16.46. Yamana Gold Inc YRI.TO slipped 1.5 percent to C$3.36.

Hudson's Bay Co HBC.TO shares dropped 3.4 percent to C$11.55 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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