CANADA STOCKS-TSX edges higher as some miners, banks gain

Tue Mar 21, 2017 10:53am EDT
 
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(Adds details on specific stocks, updates prices)

* TSX up 14.45 points, or 0.09 percent, to 15,456.77

* Six of the TSX's 10 main groups move higher

TORONTO, March 21 (Reuters) - Canada's main stock index barely rose on Tuesday as some heavyweight banking stocks and miners notched gains and Ivanhoe Mines Ltd jumped after announcing a copper deposit discovery.

The most influential movers on the index included Barrick Gold Corp, which advanced 1.2 percent to C$25.76.

The world's largest gold producer said a World Bank arbitration tribunal had ruled in favor of it and joint venture partner Antofagasta plc over a copper project in Pakistan.

Ivanhoe Mines jumped 8.6 percent to C$4.67 after it said it had discovered more copper at its mine in the Democratic Republic of Congo.

But several base metal miners featured on the negative side of the ledger as copper prices fell, with First Quantum Minerals Ltd down 1.6 percent at C$14.19 and Lundin Mining Corp falling 3.1 percent to C$7.81.

The materials group, which includes precious and base metals miners and fertilizer companies, added 0.5 percent overall.   Continued...