CANADA STOCKS-TSX little changed after jobs data, energy drags

Fri Jan 8, 2010 11:11am EST
 
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* Soft Canadian, U.S. jobs data weighs on sentiment

* Energy stocks down as oil price weakens

* Consumer stocks make gains

By Claire Sibonney

TORONTO, Jan 8 (Reuters) - Toronto's main stock index was little changed on Friday as weak Canadian and U.S. employment reports and a lower oil price weighed on sentiment, even as consumer stocks rebounded.

The index opened lower after both countries reported unexpectedly weak employment numbers, with Canada suffering the loss of 2,600 jobs in December. [ID:nN08233091]

"Overall, it's a mixed market," said Fred Ketchen, director of equity trading at ScotiaMcLeod.

At 10:44 a.m. (1544 GMT) The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 0.73 points, or 0.01 percent, at 11,888.92, after moving into negative territory several times.

Energy stocks weighed on the market, with Suncor Energy Inc (SU.TO: Quote), down 1 percent to C$38.44, and EnCana Corp (ECA.TO: Quote), off 1.47 percent to C$35.49, having the biggest drag of any two stocks on the index.   Continued...