CANADA STOCKS-TSX steady as energy shares gain, miners slip
* TSX up 5.74 points, or 0.04 percent, at 14,233.42 * Six of 10 main index sectors advance * Valeant jumps on quarterly results By John Tilak TORONTO, Oct 20 (Reuters) - Canada's main stock index was little changed on Monday as the energy sector dropped with the oil price and shares of gold miners jumped after the bullion price strengthened. Also weighing on the market, shares of Canadian Pacific Railway Ltd slipped 1.3 percent after the company said it had ended merger talks with CSX Corp. Shares of energy producers, which have been on a slump in the past three months over concerns about weakening oil demand, shed about 1.3 percent on Monday. The broader TSX index is down about 9 percent since touching a record high last month. "I don't think we've seen the end of the correction," said David Cockfield, managing director and portfolio manager at Northland Wealth Management. "We may have to bounce around a little, test the lows." Cockfield expects earnings reports from the Canadian energy companies to boost their shares: "We're going to see some very good numbers for the third quarter." The Toronto Stock Exchange's S&P/TSX composite index was up 5.74 points, or 0.04 percent, at 14,233.42. Six of the 10 main sectors on the index were higher. Shares of energy producers reflected a 1 percent drop in the price of U.S. crude oil. Suncor Energy Inc gave back 1.1 percent to C$37.31, and Canadian Natural Resources Ltd lost 1.1 percent to C$38.22. The gold-mining sector jumped 1 percent. Goldcorp Inc added 0.5 percent to C$25.99, and Barrick Gold Corp advanced 0.3 percent to C$15.17. In corporate news, Valeant Pharmaceuticals International Inc posted a higher-than-expected quarterly profit. The stock jumped 3.8 percent to C$140.61. (With reporting by Leah Schnurr; Editing by Lisa Von Ahn)
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