CANADA STOCKS-TSX ends near flat as oil drop weighs on energy

Fri Nov 25, 2016 4:36pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds analyst quotes, details on Brookfield Asset Management and Canadian National Railway, updates prices)

* TSX ends up 0.24 points, or 0 percent, at 15,075.44

* Index advances 1.4 percent for the week

* Eight of TSX's 10 main groups end higher; energy off 1.7 pct

By Fergal Smith

TORONTO, Nov 25 (Reuters) - Canada's main stock index ended nearly unchanged on Friday as several utilities jumped after Alberta agreed to pay them compensation and financial and railroad stocks climbed, while energy names fell as oil prices pulled back.

It was the second straight day of lower than usual trading volumes as U.S. markets closed early after the Thanksgiving holiday on Thursday.

"The TSX is holding up really well" considering the pullback in oil prices, said Colin Cieszynski, senior market analyst at CMC Markets Canada.

U.S. crude oil futures settled $1.90 lower at $46.06, pressured by uncertainty over whether the Organization of the Petroleum Exporting Countries will reach an output deal after Saudi Arabia said it will not attend talks on Monday with non-OPEC producers to discuss supply cuts.   Continued...