CANADA STOCKS-TSX steady as energy losses offset by Teck, West Fraser gains

Fri Apr 24, 2015 11:18am EDT
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(Updates with analyst's comment, stock movements)

* TSX dips 1.33 points, or 0.01 percent, to 15,391.02

* Four of the index's 10 main groups retreat

* Energy down 0.4 percent, materials up 0.2 percent

By Solarina Ho

TORONTO, April 24 (Reuters) - Canada's main stock index was little changed on Friday as losses in oil and gas and gold-mining shares were offset by modest gains in other sectors.

The most influential decliners on the index included miner Goldcorp Inc, which fell 1.35 percent to C$23.39, and oil company Canadian Natural Resources Ltd, which declined 0.8 percent to C$40.54.

The overall energy group retreated 0.4 percent, while the materials group was up 0.2 percent, despite the declines by a number of gold miners in the group.

The two resource sectors combined make up more than 30 percent of the TSX's weight. Gold futures fell 1.2 percent to $1,180 on Friday. U.S. crude prices were down 1.5 percent at $56.85.   Continued...