CANADA STOCKS-TSX little changed as gold miners offset energy bounce

Wed Apr 19, 2017 11:33am EDT
 
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* TSX down 1.88 points, or 0.01 percent, to 15,620.69

* Four of the TSX's 10 main groups decline

TORONTO, April 19 (Reuters) - Canada's main stock index was flat on Wednesday as a modest bounce in energy stocks and a gain in Rogers Communication shares were weighed down by gold miners.

At 11:11 a.m. EDT (1511 GMT), the Toronto Stock Exchange's S&P/TSX composite index was little changed, edging 1.88 points lower, to 15,620.69, reversing gains earlier in the morning session. Of the index's 10 main groups, four were in the red.

Canadian Natural Resources Ltd was among the most influential gainer, rising 1.2 percent to C$44.72, as was Suncor Energy Inc, which advanced 0.5 percent to C$41.19.

Parkland Fuel Co also helped the overall energy group, jumping 6.6 percent to C$30.67 following news that it bought Chevron Corp's Canadian gasoline stations and British Columbia refinery for C$1.46 billion ($1.09 billion).

Energy stocks climbed 0.3 percent after slipping 0.9 percent in the previous session.

Offsetting the advances was a 0.9 percent decline by the materials group, home to precious and base metals miners and fertilizer companies.

Barrick Gold Corp was the biggest drag on the index, falling 1.6 percent to C$25.94. Shanghai-listed Shandong Tyan Home said on Wednesday its negotiations with Barrick to buy a 50-percent stake of the Canadian operator's Kalgoorlie mine have ended without a deal.   Continued...