CANADA STOCKS-TSX barely higher as banks, gold miners shine

Mon Feb 6, 2017 10:44am EST
 
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(Adds details, updates prices)

* TSX up 2.14 points, or 0.01 percent, at 15,478.53

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

TORONTO, Feb 6 (Reuters) - Canada's main stock index was barely higher in morning trade on Monday, as financial stocks and gold miners gained along with bond yields and bullion, while energy names fell as oil prices slipped.

Among the most influential gainers were the index's sizable gold mining group, with Barrick Gold rising 1.4 percent to C$25.02 and Agnico Eagle Mines Ltd up 1.3 percent to C$64.97.

Gold climbed to its highest in nearly three months as worries about the political landscape in the United States and Europe and a subdued dollar reinforced investor interest in the precious metal.

The index's materials group, which includes precious and base metals miners and fertilizer companies, added 0.5 percent.

The heavyweight financials group gained 0.3 percent as bond yields rose, with the country's largest lender Royal Bank of Canada up 0.9 percent at C$95.43.

Canada's financial sector got a boost on Friday from U.S. President Donald Trump's signal that looser banking regulation is coming there. Many companies in the sector are active in the United States   Continued...