CANADA STOCKS-TSX slips as energy stocks fall, gold miners shine

Mon Feb 6, 2017 4:47pm EST
 
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(Adds portfolio manager comment, updates prices to close)

* TSX ends down 19.45 points, or 0.13 percent, at 15,456.94

* Seven of TSX's 10 main groups move lower; energy falls 2.2 pct

By Alastair Sharp

TORONTO, Feb 6 (Reuters) - Canada's main stock index ended lower on Monday, as heavyweight energy stocks weighed with a fall in oil prices, while gold miners caught a boost from bullion jumping to its highest in nearly three months on political uncertainty.

The Toronto Stock Exchange's S&P/TSX composite index settled down 19.45 points, or 0.13 percent, at 15,456.94, with seven of its 10 main groups lower.

"Uncertainty is still the rule of the day," said Bryden Teich, portfolio manager at Avenue Investment Management, adding that "cautious optimism about a stronger U.S. economy" is mixed with worry about trade disruption as U.S. President Donald Trump threatens to impose tariffs and border tax adjustments.

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.

Among the Toronto index's most influential gainers were the biggest members of its sizable gold mining group, with Barrick Gold jumping 3 percent to C$25.40 and Goldcorp Inc up 3.7 percent at C$21.99.   Continued...