CANADA STOCKS-TSX slips as U.S. economic data drags

Fri Jan 30, 2015 11:21am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX down 43.87 points, or 0.30 percent, at 14,593.41

* Seven of 10 main index sectors decline

* Eldorado drops 19 percent after Greek mine opposition

* Canadian Oil Sands jumps after dividend, capex cuts

By John Tilak

TORONTO, Jan 30 (Reuters) - Canada's main stock index declined on Friday as negative sentiment following a sluggish U.S. economic report helped offset gains in commodity prices and resource stocks.

Government data showed that U.S. economic growth slowed in the fourth quarter, following two quarters of strong growth.

A decline in Eldorado Gold, which shed 19 percent, also weighed on the market. The stock reacted after Greece's new left-wing government said it is firmly opposed to one of the Canadian company's gold mines.

The benchmark TSX was on track to record a 1 percent decline this week and end the month slightly lower.   Continued...