CANADA STOCKS-TSX edges up as bank stock gains offset gold miner falls

Thu Jun 8, 2017 10:29am EDT
 
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(Adds details on specific stocks, updates prices)

* TSX up 13.72 points, or 0.09 percent, to 15,385.86.

* Half of the TSX's 10 main groups higher

TORONTO, June 8 (Reuters) - Canada's main stock index eked out a small rise in morning trade on Thursday, helped by gains for some of the country's biggest banks but weighed down by losses for gold miners.

Both the energy and financial groups climbed 0.6 percent, as oil prices and bond yields picked up and domestic house prices jumped. Together, the two groups account for more than half of the index's weight.

Valeant Pharmaceuticals International Inc also added to the positive sentiment, jumping 7.2 percent to C$17.60 after saying it would sell its iNova Pharmaceuticals business for $930 million as part of a debt reduction plan.

ECN Capital Corp gained 3.3 percent to C$3.77 after the commercial financing company said it would buy U.S.-based Service Finance Holdings LLC for C$410 million ($304 million) in cash.

At 10:10 a.m. ET (1410 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 13.72 points, or 0.09 percent, to 15,385.86.

Half of its 10 main sectors moved higher, while advancers barely outnumbered declining stocks.   Continued...