CANADA STOCKS-TSX barely higher as energy sector rises after fire

Thu May 12, 2016 10:54am EDT
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(Adds details on energy sector, updates prices)

* TSX down 18.22 points, or 0.13 percent, to 13,769.99

* Seven of the TSX's 10 main groups fall

TORONTO, May 12 (Reuters) - Canada's main stock index fell slightly on Thursday as losses for some heavyweight financial and mining names dragged, while energy stocks gained with higher U.S. oil prices and as oil sands employees prepared to return to work after a wildfire.

At 10:44 a.m. EDT (1444 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 18.22 points, or 0.13 percent, to 13,769.99. It touched a 10-day high earlier in the session.

Enbridge Inc advanced 1.8 percent to C$51.61 as it restarted a major pipeline and said crews were on site at its facilities in the Fort McMurray region and confirmed its terminals were not damaged by the wildfire.

Suncor Energy Inc would start to fly employees back to its oil sands base plant from Thursday, a union official said. Its shares rose 0.7 percent to C$34.70.

Smaller energy companies saw larger gains, with Birchcliff Energy Ltd rising 5.5 percent to C$5.41, and Nuvista Energy Ltd, up 5.2 percent at C$6.28. The overall energy group climbed 0.4 percent.

Crescent Point Energy Corp rose 5.3 percent to C$21.43 despite reporting a bigger quarterly loss.   Continued...