CANADA STOCKS-TSX makes small gain, on track for flat week

Fri Dec 2, 2016 10:54am EST
 
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(Adds details on specific stocks, updates prices)

* TSX up 37.98 points, or 0.25 percent, to 15,065.51

* Index on track for flat week after hitting near 18-month high

TORONTO, Dec 2 (Reuters) - Canada's main stock index eked out a small gain in morning trade on Friday as miners rose with gold and financial stocks pulled back at the end of a busy week of earnings.

Energy stocks also moved lower after notching sharp gains earlier in the week as an OPEC deal to curtail production sent crude prices soaring, with Suncor Energy Inc down 0.8 percent at C$42.625.

At 10:25 a.m. EST (1525 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 37.98 points, or 0.25 percent, to 15,065.51.

It is on track for a flat performance for the week, after hitting a near 18-month high on Thursday.

The financials group slipped 0.3 percent, with insurer Manulife Financial Corp retreating 1.5 percent to C$23.10. It has jumped sharply since early November on rising bond yields.

National Bank of Canada add 0.3 percent to C$50.98 after the country's sixth biggest lender posted a better-than-expected adjusted profit for the fourth quarter.   Continued...