CANADA STOCKS-TSX dips as energy trims some recent gains

Thu Nov 24, 2016 5:07pm EST
 
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(Adds portfolio manager quotes, details on Barrick Gold and Manulife Financial, updates prices)

* TSX ends down 5.71 points, or 0.04 percent, at 15,075.20

* Five of the TSX's 10 main groups end lower

By Fergal Smith

TORONTO, Nov 24 (Reuters) - Canada's main stock index edged lower on Thursday as energy shares pared some recent gains, offsetting a rebound in the materials group as copper rallied.

In lighter than usual trading volumes, with U.S. markets closed for Thanksgiving, the Toronto Stock Exchange's S&P/TSX composite index closed down 5.71 points, or 0.04 percent, at 15,075.20.

Still, it touched its highest intraday level since June 2015 at 15,121.67.

"Momentum has been very strong since the (U.S.) election," said Youssef Zohny, portfolio manager at StennerZohny Investment Partners of Richardson GMP.

"There has been a big rotation in the market, the last few weeks, more toward the cyclical side."   Continued...