UPDATE 3-Soft resources take Toronto stocks slightly lower

Wed Jun 4, 2008 5:26pm EDT
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* Index edges lower as resources drag

* Bombardier hits six-year high after profit rises

By Leah Schnurr

TORONTO, June 4 (Reuters) - Faltering resource issues pulled the Toronto Stock Exchange's main index slightly lower on Wednesday, as materials and energy companies were stung by weaker commodity prices.

With the majority of sectors pushing higher, the falling resource groups were largely responsible for the benchmark's slide. The heavyweight energy sector, which has frequently dictated the market's direction, followed the oil price to give up 1 percent.

Petro-Canada PCA.TO fell 74 Canadian cents, or 1.3 percent, to C$56.84, while Suncor Energy SU.TO was down 60 Canadian cents, or 0.9 percent, at C$66.00.

The materials sector, home to resource issues, also weighed on the TSX as it lost 1 percent. Fertilizer company Potash Corp of Saskatchewan POT.TO slipped 80 Canadian cents, or 0.4 percent, to C$212.50, while miner Teck Cominco TCKb.TO was off C$1.18, or 2.4 percent, at C$48.35.

"We're getting a little bit coming off the energy sector, and I think that's affecting all Canadian stocks," said Douglas Davis, president of Davis-Rea.   Continued...