CANADA STOCKS-TSX little changed, gold stocks drag

Thu Dec 10, 2009 10:59am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

 * TSX up 0.12 percent at 11,392.44
 * Gold stocks offset gains in energy issues
 (Adds details, comments)
 By Irene Kuan
 TORONTO, Dec 10 (Reuters) - Toronto's main stock index was
little changed on Thursday as gains in energy issues on the
back of stronger oil prices were offset by weakness in gold
miners, including Barrick Gold (ABX.TO: Quote).
 Barrick, the world's largest gold producer, fell 1.49
percent at C$42.87, while rival Goldcorp Inc (G.TO: Quote) was down
0.63 percent to C$42.70.
 The price of gold pared some of its early losses on
Thursday, but was below levels seen in New York late on
Wednesday. [GOL/]
 "It's very hard as we go through next week. Liquidity sort
of dries up in the marketplace as we go into the later part of
December," said Paul Harris, portfolio manager at Avenue
Investment Management.
 "It's going to cause a damper on the marketplace and any
kind of big swing will not happen."
 Stronger oil prices helped support the market, with crude
back above $71 a barrel on Thursday, recovering after falling
more than 2 percent in the previous session. [O/R] 
 Suncor Energy (SU.TO: Quote) was up 1.75 percent at C$36.12, while
Talisman Energy Inc TLM.TO rose 1.88 percent to C$17.84.
 At 10:40 a.m. (1540 GMT), the S&P/TSX composite index
.GSPTSE was up 13.22 points, or 0.12 percent, at 11,392.44.
 (Reporting by Irene Kuan; Editing by Jeffrey Hodgson)