CANADA STOCKS-TSX falls as energy, mining stocks weigh; Fed seen divided

Wed Aug 17, 2016 4:52pm EDT
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(Adds analyst comment, Fed minutes; updates prices to close)

* TSX ends down 5.84 points, or 0.04 percent, at 14,697.60

* Six of the TSX's 10 main groups rise

By Alastair Sharp

TORONTO, Aug 17 (Reuters) - Canada's main stock index ended barely lower on Wednesday, dragged down by resource stocks but paring sharper losses after minutes from the last Federal Reserve meeting showed mixed opinions on when conditions may allow for higher U.S. interest rates.

The Toronto Stock Exchange's S&P/TSX composite index ended down 5.84 points, or 0.04 percent, at 14,697.60, after falling to its lowest in more than a week earlier in the session. It hit a 13-month high last week.

Energy stocks stayed low despite a turn higher in oil prices that extended the commodity's rally to five days, as investors weigh up how sustainable the gain in crude prices to near the top of a $40-to-$50-a-barrel range would be.

"The stocks pulling back would tell me that people aren't convinced that this rally is going to keep going," said Colin Cieszynski, senior market analyst at CMC Markets Canada.

The energy group retreated 0.6 percent overall, with major producer Suncor Energy Inc down 0.7 percent to C$36.33 and pipeline company Enbridge Inc off 0.5 percent at C$53.43.   Continued...