CANADA STOCKS-TSX little changed as Potash gains, gold slides
* Erases early 65-point skid
* Potash Corp up 3.04 percent at C$127.75 (Adds details and comments)
By Irene Kuan
TORONTO, Dec 7 (Reuters) - Toronto's main stock index traded little changed on Monday morning as shares of fertilizer makers, including Potash Corp (POT.TO: Quote), rose after upgrades while gold miners followed bullion prices lower.
Shares of Potash Corp, the world's largest fertilizer maker, rose 3.04 percent to C$127.75 after a Goldman Sachs upgrade. Rival Agrium also rose 4.03 percent to C$63.44 after a UBS upgrade. [ID:nN07161495]
"The whole sector is becoming more favorable amongst investors," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier, referring to fertilizer companies.
"It was down in the dumps, the fertilizer stocks in particular in the last year, and I think it's one sector that has moved recently, but still lags the overall market."
On the flip-side, Canada's No. 1 gold miner Barrick Gold ABX.TO was the largest drag on the index, down 3.28 percent at C$43.62. Goldcorp (G.TO: Quote) was down 2.64 percent at C$43.48.
Gold prices fell 2 percent in Europe on Monday on selling prompted by the U.S. dollar's rise to a five-week high versus the euro following above-consensus jobs data in the United States last week. [GOL/]
At 11:15 a.m. (1615 GMT), the S&P/TSX composite index .GSPTSE was down 3.87 points, or 0.03 percent, at 11,505.93. Earlier, it had fallen as much as 65 points. (Reporting by Irene Kuan; editing by Jeffrey Hodgson)
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