CANADA STOCKS-TSX ends lower as golds, oils weigh

Mon Mar 8, 2010 5:00pm EST
 
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* TSX down 11.30 points, or 0.09 pct, at 11,963.84

* Materials shares fall 0.8 pct, leading the fall

* RIM rises 5.5 percent after analyst upgrade (Adds details)

By Jennifer Kwan

TORONTO, March 8 (Reuters) - Canada's main stock market index slipped on Monday, after touching its highest point in eight weeks, as weaker bullion prices weighed on gold producers.

Barrick Gold ABX.TO dropped 1.7 percent to C$40.84 and Kinross Gold K.TO fell 1.7 percent to C$19.36 as gold prices skidded 1 percent on technical selling and liquidation by investors of positions added last week to cushion currency volatility resulting from the Greek debt crisis. [GOL/]

The weakness among golds helped drag down the index's materials sector by 0.8 percent.

The energy sector also notched a weaker finish, down 0.1 percent, even as oil prices were firmer [O/R], resulting in a mixed picture for the sector. Suncor Energy SU.TO rose 0.5 percent to C$32.03, while Canadian Natural Resources CNQ.TO dropped 0.4 percent to C$74.18.

The S&P/TSX composite index .GSPTSE was flat for most of the day, despite some early gains, and ended down 11.30 points, or 0.09 percent, at 11,963.84.   Continued...