CANADA STOCKS-TSX dips, losses for financials offset mining stock gains

Tue Dec 22, 2015 11:31am EST
 
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* TSX down 9.75 points, or 0.07 percent, to 13,024.63

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

TORONTO Dec 22 (Reuters) - Canada's main stock index dipped on Tuesday, including losses for financial sector shares, while energy stocks seesawed despite a rally in crude oil prices and mining stocks rose.

The most influential movers on the index were Royal Bank of Canada, which fell 0.8 percent to C$73.94, and Bank of Montreal which was 1.1 percent lower at C$77.82.

Brookfield Asset Management Inc rose 0.2 percent to C$43.73. Australia's antitrust regulator said it will consider a watered down version of the infrastructure giant's $6.5 billion bid for freight firm Asciano Ltd, reviving the prospect of a deal.

The overall financial services sector fell 0.6 percent.

At 10:58 a.m. EST (1558 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 9.75 points, or 0.07 percent, to 13,024.63, with eight of the index's 10 main groups in negative territory.

Dominion Diamond Corp surged 22.5 percent to C$14.06. It said it looked forward to having an open dialogue with a group of investors led by Canadian hedge fund K2, who believe that the diamond miner's policies have unduly hurt its share price.

Centerra Gold fell 2.6 percent to C$7.00 after Kyrgyzstan's government said it had stopped talks with the company on restructuring their joint Kumtor project because the current agreement "ran counter to the country's national interests."   Continued...