TSX ends flat after hitting 10-day high
By Alastair Sharp
TORONTO (Reuters) - Canada's main stock index ended flat on Thursday, with lower commodity prices weighing on miners, offsetting gains for most major banks and some energy companies trying to restart production after a raging wildfire.
Enbridge Inc (ENB.TO: Quote) added 1.9 percent to C$51.69 as it said it was steadily resuming service on its pipeline network through Canada's energy heartland about a week after the fire shut down operations in the Fort McMurray, Alberta area.
It also reported a higher-than-expected quarterly profit.
CNOOC Ltd's Nexen (0883.HK: Quote) CEO.N told customers it may not be able to fulfill its supply contracts.
The overall energy sector rose 0.3 percent.
Crescent Point Energy Corp CPG.TO rose 4.9 percent to C$21.36 despite reporting a bigger quarterly loss. The company, whose shares have lost a third of their value in the last 12 months, said it would have C$300 million of excess free cash flow for 2016 if oil prices average $45 a barrel.
Gold miners were among the heaviest weights on the index, as a stronger U.S. dollar pressured bullion prices. [GOL/]