CANADA STOCKS-TSX little changed after mixed jobs reports

Fri Jan 7, 2011 10:57am EST
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 *TSX up 2.63 points at 13,314.30
 *Eight of 10 sectors stronger
 *Canada jobs data beats consensus, U.S. disappoints
 (Updates with details, comments)
 By Claire Sibonney
 TORONTO, Jan 7 (Reuters) - Toronto's main stock index was
little changed after three straight days of losses on Friday
morning as strength in golds and financials offset weakness in
energy shares following mixed North American employment data.
 The index's gold-mining subsector was up 1 percent,
reversing earlier losses, as the price of the precious metal
swung back into positive territory in volatile trade.
 Barrick Gold Corp ABX.TO rose 0.6 percent to C$49.36, and
Agnico Eagle AEM.TO shot up 2.5 percent to C$71.41.
 Data on Friday showed Canada's economy created more jobs
than expected in December after three months of disappointing
numbers. [ID:nN07271210]
 But U.S. employers hired far fewer workers than expected in
December, showing the world's biggest economy still struggling
to gain momentum, but the U.S. unemployment rate dropped to a
more than 1-1/2 year low. [ID:nN06134458]
 "I think the U.S. is gaining traction with their economy,
and while it's not going to be stellar, a little bit of
traction would keep everybody very happy at this stage," said
John Kinsey, portfolio manager at Caldwell Securities.
 The index's financial sector advanced 0.4 percent as Royal
Bank of Canada RY.TO, the country's biggest lender and the
heaviest stock in the index, picked up 0.3 percent to C$51.78.
No. 2 Toronto-Dominion Bank TD.TO rose 0.4 percent to
 "The financials are better today and they had been very
sluggish the last little while," Kinsey said. "We're getting
close to the end of this month and the first quarter for our
banks and I think the consensus is there's going to be some
dividend increases and that will put a little more confidence
into the financials as well."
  At 10:42 a.m. (1542 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 2.63 points at
13,314.30. Eight of its 10 sectors were higher.
 "Straight through from July every month was up until now,
so it wouldn't surprise me to see a small correction," Kinsey
 The index's energy group was off 0.7 percent despite a
rebound in oil prices, and technology stocks were 0.4 percent
 In individual company news,  Canadian Natural Resources Ltd
CNQ.TO skidded almost 5 percent to C$40.85 after a fire broke
out on Thursday at the company's Horizon oil sands upgrader in
northern Alberta, sending several workers to hospital and
halting production. [ID:nN06157068]
 Potash Corp POT.TO dropped 2.3 percent to C$164.81 after
a more than 4 percent surge in the previous session.
 Jean Coutu Group PJCa.TO gained 1.1 percent to C$9.77
after the pharmacy chain reporting a higher quarterly profit
that beat market estimates. [ID:nSGE706097]
 ($1=$0.99 Canadian)
 (Reporting by Claire Sibonney; editing by Peter Galloway)