Toronto stocks flat, oils rise and golds fall

Mon Feb 4, 2008 9:55am EST
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TORONTO Feb 4 (Reuters) - The Toronto Stock Exchange's main index was flat early on Monday as sentiment was split between rising energy companies and falling gold stocks.

The S&P/TSX composite index .GSPTSE was down 3.04 points at 13,315.33. It climbed 3.3 percent last week, marking its biggest weekly gain since August.

Commodity prices appeared to show the way, with U.S. crude oil bouncing back from earlier losses to about par around $88.95 a barrel.

Meanwhile, U.S. spot gold slipped to about $895 an ounce as investors locked in profits after a recent rise.

The TSX energy sector was up 0.6 percent while the smaller materials group dipped 0.8 percent. The gold producers subsector was off 2.1 percent, with Barrick Gold ABX.TO leading the fall, down 91 Canadian cents at C$49.73.

Canadian Natural Resources CNQ.TO led the winners in early action, up C$1.30 at C$65.91.

Bank of Nova Scotia BNS.TO, which said it planned to buy the assets of Grupo Altas Cumbres in Guatemala and the Dominican Republic for an undisclosed sum, was up 2 Canadian cents at C$48.85. For details, see: [nN04232770]

($1=$1.00 Canadian) (Reporting by Jonathan Spicer; Editing by Scott Anderson)