CANADA STOCKS-TSX barely higher, insurers bounce on earnings

Thu Nov 10, 2016 10:58am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds details on specific stocks, updates prices)

* TSX up 14.68 points, or 0.1 percent, at 14,774.59

* Seven of the TSX's 10 main groups move lower

TORONTO, Nov 10 (Reuters) - Canada's main stock index made small gains on Thursday as two major insurers jumped on strong earnings and industrial stocks also rose, while gold miners and energy stocks fell with lower commodity prices.

The country's biggest life insurer, Manulife Financial Corp , jumped 7.1 percent to C$21.51 after beating profit expectations driven in part by growth in its Asian business.

Its rival, Sun Life Financial, gained 5.5 percent to C$48.92 as it also beat expectations.

The financials group gained 1.2 percent.

Industrials rose 1.3 percent, with Canadian National Railway Co up 1.4 percent at C$85.95.

Bombardier Inc advanced 5 percent to C$1.88 after the plane and train maker reported a lower-than-expected adjusted net loss in the third quarter and said it expected to finish the year with improved operating margins in all of its businesses.   Continued...