CANADA STOCKS-TSX little changed despite strong metals

Wed Oct 6, 2010 10:50am EDT
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   * TSX down 2.23 points at 12,495.77
 * Nine of the 10 key sectors lower
 (Updates with details, quote)
 TORONTO, Oct 6 (Reuters) - Toronto's main stock index was
little changed on Wednesday morning as weak U.S. employment
data and profit-taking offset the lift that came from firmer
commodity prices.
 Data on U.S. private-sector hiring in September was
unexpectedly bearish, making the market cautious ahead of
Friday's crucial nonfarm payroll data.
 On Tuesday the TSX index hit its highest level in two years
in a broad rally led by surging commodity prices and
speculation governments would take further steps to stimulate
the economy.
 "I think there is a little bit of negative sentiment going
into the market today and there's probably some profit-taking
as a result of yesterday seeping into the market," said Michael
Sprung, president of Sprung & Co. Investment Counsel.
 At 10:24 a.m. (1424 GMT) the S&P/TSX composite index
.GSPTSE was down 2.23 points at 12,495.77. Nine of the
index's 10 key sectors were in the red.
 The heavyweight financial group was slightly lower, down
0.24 percent, with Sun Life Financial (SLF.TO: Quote) down 1.3 percent
at C$26.75, and Manulife Financial Corp (MFC.TO: Quote) falling 1.3
percent to C$12.77.
 The key materials sector, home to miners, was the only
gainer, up 0.8 percent on higher metals prices.
 A weak U.S. dollar pushed gold to a record high on
Wednesday as the U.S. dollar softened. Copper also powered its
way to two-year highs as investors bet inflationary pressures
will boost commodity prices.
 Barrick Gold (ABX.TO: Quote) climbed 2 percent to C$49.15 while
base-metals miner Teck Resources TCKb.TO rose 1.3 percent to
 ($1=$1.01 Canadian)
 (Reporting by Solarina Ho; editing by Peter Galloway)