CANADA STOCKS-TSX slips with financials; gold miners and Bombardier shine

Tue Apr 11, 2017 4:58pm EDT
 
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(Adds portfolio manager comment, updates prices to close)

* TSX ends down 3.68 points, or 0.02 percent, at 15,727.11

* Half of the TSX's 10 main groups fall

By Alastair Sharp

TORONTO, April 11 (Reuters) - Canada's benchmark stock index ended barely lower on Tuesday as financial stocks weighed, while a flight to safety helped gold miners and shares of Bombardier Inc jumped on reports it was discussing a merger of rail operations with Siemens.

Gold prices jumped to a fresh five-month high and bond yields fell with geopolitical worries about North Korea, the Middle East and the looming French election spurring investors to seek assets seen as havens from risk.

"In broad strokes it's a flight-to-safety day in both Canada and the U.S.," said Luciano Orengo, portfolio manager at Manulife Asset Management.

Barrick Gold Corp advanced 3.1 percent to C$26.79 and Goldcorp Inc rose 2.7 percent to C$20.44.

The materials group, which includes precious and base metals miners and fertilizer companies, added 1.7 percent.   Continued...