CANADA STOCKS-TSX ends flat as RIM, Potash rally
* TSX down 6.32 points, or 0.05 percent, at 13,395.99
* Five of 10 main groups decline
* RIM, Potash lead gains (Updates to close, adds details, comments)
By Solarina Ho
TORONTO, Jan 5 (Reuters) - Toronto's main stock index closed little changed on Wednesday, recovering from earlier losses with the help of advances by Research In Motion RIM.TO and Potash Corp. (POT.TO: Quote)
Five of the index's 10 main groups ended lower, but offsetting declines was a 1.1 percent rise among technology stocks, mostly powered by Research In Motion, which was up 4.54 percent at C$61.70.
Soft commodity prices helped keep the pressure on the resource-heavy index, which saw the materials group retreat 0.48 percent.
Barrick Gold (ABX.TO: Quote) fell another 3.39 percent to C$49.84 after Tuesday's 2.88 percent as gold prices extended their decline amid further profit-taking and a strong U.S. dollar. [GOL/]
Kinross Gold K.TO slipped 2.21 percent to C$17.74 while Goldcorp G.TO declined 1.26 percent to C$43.94.
The energy group pared earlier declines to finish down a modest 0.15 percent as oil prices bounced back above $90 a barrel on stronger than expected U.S. economic data. [ID:nN05600530]
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE finished down 6.32 points, or 0.05 percent, at 13,395.99.
"It's awfully resilient, all things considered. We had a big run up to the end of the year and one would've thought we'd have a bigger selloff ... it's come back a fair bit," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.
In individual company news, Potash shares climbed 3.53 percent to C$161.50. The fertilizer giant was bolstered by strong quarterly profit from fellow producer Mosaic Co. (MOS.N: Quote) [ID:nN05218018]
($1=$1.00 Canadian) (Reporting by Solarina Ho; editing by Rob Wilson)
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