CANADA STOCKS-TSX barely lower as resource stock gains offset bank, rails

Tue Jan 17, 2017 10:43am EST
 
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(Adds details on specific stocks, updates prices)

* TSX down 5.85 points, or 0.04 percent, at 15,473.44

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

TORONTO, Jan 17 (Reuters) - Canada's main stock index was marginally lower on Tuesday as financial and railway stocks weighed, while shares in energy companies and gold miners rose on higher commodity prices.

The most influential weights included some of the index's biggest banks, with Royal Bank of Canada down 0.7 percent to C$93.66 and Toronto-Dominion Bank off 0.6 percent to C$66.575.

Canada's housing agency said on Tuesday it will increase its homeowner mortgage loan insurance premiums in a move that makes it marginally more expensive for borrowers to buy a home but should not materially affect the housing market.

Home Capital Group Inc, whose Home Trust unit is more exposed to housing than the banks, fell 1.6 percent to C$30.01, while the financials group slipped 0.5 percent overall.

Commodity prices were boosted by a fall in the U.S. dollar in which they are priced after U.S. President-elect Donald Trump said that the strong greenback was hurting U.S. competitiveness.

The energy group climbed 0.8 percent on the back of the oil price gain, with Suncor Energy Inc up 1 percent to C$43.23 and Canadian Natural Resources Ltd advancing 1.1 percent to C$41.64.   Continued...