CANADA STOCKS-TSX edges lower, resource stocks offset broader gains

Fri Nov 20, 2015 11:14am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX down 4.36 points, or 0.03 percent, to 13,469.47

* Eight of the TSX's 10 main groups were higher

TORONTO Nov 20 (Reuters) - Canada's main stock index dipped on Friday, as weakness in energy and material stocks offset gains across the rest of the index and domestic data revealed a disappointing drop in retail sales.

The index remained on track for a weekly gain of more than 3 percent.

The energy group fell 0.8 percent, pressured by crude oil prices stuck near three-month lows.

Encana Corporation dropped 3.2 percent to C$10.39, while Suncor Energy Inc was down 0.7 percent at C$36.86.

U.S. crude prices were down 1.3 percent to $40 a barrel, while Brent added 0.1 percent to $44.24.

The materials group dropped 1.3 percent, including a pullback in gold stocks.

Barrick Gold Corp fell 2.1 percent to C$9.83, while Goldcorp Inc was down 1.98 percent at C$15.86. Both stocks rallied on Wednesday and Thursday.   Continued...