CANADA STOCKS-TSX barely higher as falling financials cancel resource rise

Thu Dec 22, 2016 10:31am EST
 
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(Adds details on data, specific stocks; updates prices)

* TSX up 15.49 points, or 0.1 percent, at 15,321.38

* Half of the TSX's 10 main groups move higher

TORONTO, Dec 22 (Reuters) - Canada's main stock index was barely higher in early trade on Thursday as resource stocks broadly gained and financial and consumer names pulled back.

At 10:14 a.m ET (1514 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 15.49 points, or 0.1 percent, at 15,321.38.

Advancers barely outnumbered decliners overall, and half of the index's 10 main groups were in positive territory.

Insurers were among the heaviest weights, with Manulife Financial Corp down 0.6 percent to C$24.46 and Sun Life Financial Inc off 0.4 percent to C$52.16.

Canada's annual inflation rate cooled in November, suggesting the Bank of Canada will maintain its cautious stance and keeping alive the possibility of another rate cut as new measures of underlying inflation also fell short of the central bank's target.

Meanwhile, separate data from Statistics Canada showed October retail sales rose more than expected, boding well for economic growth at the start of the fourth quarter.   Continued...