June 8, 2016 / 2:53 PM / a year ago

CANADA STOCKS-TSX little changed after hitting 10-month high

2 Min Read

* TSX up 24.21 points, or 0.17 percent, at 14,389.82

* Four of the TSX's 10 main groups higher

OTTAWA, June 8 (Reuters) - Canada's main stock index was little changed after touching a 10-month high on Wednesday as gains in commodity prices lifted shares of miners including gold producers Barrick Gold and Goldcorp.

Shares of retailer Dollarama rose 1.7 percent to C$94.20 after the company reported a bigger-than-expected rise in first-quarter profit.

Gold miners rose 3.5 percent and were the biggest contributors to the TSX's advance. Gold rallied to a nearly three-week high as the U.S. dollar was hurt by declining expectations the Federal Reserve will raise interest rates soon.

Goldcorp rose 2.3 percent to C$23.61 and Barrick Gold climbed 3.3 percent to C$24.83.

The energy group, which accounts for about a third of the weighting of the TSX, retreated from a gain earlier in the session to lose 0.2 percent.

Shares of Suncor fell 2.7 percent to C$35.50 to weigh on the sector after Raymond James cut its price target on the stock.

But the sector's declines were capped by a gain in oil prices as supply disruptions sent U.S. crude prices up 1.6 percent to $51.14 a barrel.

The TSX hit a session high of 14,450.91, its highest level since early August. The index has gained more than 6 percent in the last four weeks as oil has rebounded to $50 a barrel.

At 10:11 a.m. EDT (1411 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 24.21 points, or 0.17 percent, at 14,389.82.

Of the index's 10 main groups just four were in positive territory. Advancing issues outnumbered declining ones on the TSX by 151 to 75, for a 2.01-to-1 ratio on the upside.

On the downside, shares of Valeant Pharmaceuticals International lost 3.5 percent to C$30.38 the day after the company slashed its 2016 outlook.

Reporting by Leah Schnurr Editing by W Simon

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