CANADA STOCKS-TSX dips as financials, telecoms offset resource stock gains

Tue Oct 25, 2016 11:04am EDT
 
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(Adds details on stocks, updates prices)

* TSX down 4.99 points, or 0.03 percent, to 14,918.02

* Seven of TSX's 10 main groups lower

TORONTO, Oct 25 (Reuters) - Canada's main stock index was barely lower in morning trade on Tuesday as gains in resources stocks were offset by falls among financial and telecom names.

The materials group, which includes precious and base metals miners and fertilizer companies, added 0.9 percent, while the energy sector climbed 0.3 percent.

At 10:33 a.m. EDT (1433 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 4.99 points, or 0.03 percent, to 14,918.02. Seven of the index's 10 main groups were lower.

Auto parts maker Magna International Inc declined 1 percent to C$54.27. Telecom companies also weighed, with Rogers Communications Inc down 0.9 percent to C$53.38 and BCE Inc off 0.4 percent to C$60.90.

Rogers last week parted ways with its chief executive.

The heavyweight financials group slipped 0.2 percent, with insurer Manulife Financial Corp down 0.6 percent at C$19.51.   Continued...