CANADA STOCKS-TSX see-saws higher but growth concerns weigh

Mon Jun 7, 2010 10:52am EDT
 
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* TSX up 28.2 points at 11,598.54

* Energy, golds, financials higher

* Base metals weigh

By Claire Sibonney

TORONTO, June 7 (Reuters) - Toronto's main stock index edged slightly higher in volatile trading on Monday as energy, gold and financial issues rose, but gains were limited as weakness in copper prices weighed on the materials sector.

Energy stocks edged 0.3 percent higher after oil recovered early losses of almost 3 percent as a dip below the $70 a barrel level brought out bargain-hunters. [O/R]

Canadian Natural Resources (CNQ.TO: Quote) gained 1 percent to C$36.91 but Suncor Energy (SU.TO: Quote) was down 0.5 percent at C$32.31.

Barrick Gold Corp (ABX.TO: Quote), the world's largest producer, was up 0.6 percent at C$44.19, but Teck Resources TCKb.TO, Canada's biggest base metals producer, slid 0.8 percent to C$32.51.

Among the gainers, financials were up 0.2 percent with Toronto-Dominion Bank (TD.TO: Quote) 0.3 percent higher at C$70.25. However, Royal Bank of Canada (RY.TO: Quote), the country's largest lender was down 0.3 percent at C$53.38.   Continued...