CANADA STOCKS-TSX flat on day, set for 5 pct gain for third qtr

Fri Sep 30, 2016 10:45am EDT
 
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* TSX down 7.66 points, or 0.05 percent, to 14,746.89

* Index on track for 5 pct gain in qtr; 1 pct rise for Sept

TORONTO, Sept 30 (Reuters) - Canada's main stock index turned barely lower in morning trade on Friday as materials and energy stocks slipped, offset by small gains for banking and industrial stocks after data showed surprisingly strong economic growth in July.

The Toronto Stock Exchange's S&P/TSX composite index is on track for an almost 5 percent gain in the third quarter, and is close to breaking to its highest level in more than a year.

At 10:19 a.m EDT (1419 GMT), it was off 7.66 points, or 0.05 percent, to 14,746.89. Six of its 10 sectors fell, although no group moved more than 0.5 percent in either direction.

The energy group retreated 0.1 percent, although pipeline company Enbridge Inc advanced 1.3 percent to C$58.44.

It, along with Enbridge Income Fund Holdings Inc, said after the close on Thursday that it would sell a regional pipeline system for C$1.075 billion ($818 million).

Bombardier Inc was also among the most influential movers, up 3.6 percent to C$1.74 after announcing it would supply 665 trains to a British rail operator.

Industrials rose 0.2 percent.   Continued...