CANADA STOCKS-TSX little changed after big weekly gain; energy stocks up

Fri Nov 18, 2016 10:34am EST
 
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(Adds details on specific stocks, updates prices)

* TSX up 7.22 points, or 0.05 percent, at 14,833.31

* Index on track for 1.9 pct weekly gain

TORONTO, Nov 18 (Reuters) - Canada's main stock index was little changed in morning trade on Friday, pausing after a sharp rise this week, as gains for energy stocks were somewhat offset by losses among miners.

The Toronto Stock Exchange's S&P/TSX composite index was on track for a 1.9 percent gain on the week.

At 10:24 a.m. EDT (1524 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 7.22 points, or 0.05 percent, at 14,833.31, with the energy group up 0.7 percent.

The most influential gainers included Suncor Energy Inc , which rose 0.9 percent to C$41.57 and Canadian Natural Resources Ltd, up 0.7 percent at C$42.65. Encana Corp advanced 2.3 percent to C$15.67.

The Canadian energy industry is expected to broadly benefit from the U.S. presidency of Donald Trump, who has said he would approve the Keystone XL pipeline that would give Canadian crude better access to U.S. markets.

Oil prices were little changed on the day but headed for their first weekly gain in five, buoyed by renewed hopes that OPEC might agree production cuts.   Continued...