CANADA STOCKS-TSX gets boost from resources, Gildan weighs
* Energy, materials higher as oil and gold climb
* BCE falls 3.4 pct as buyout collapses
* Gildan sinks 34 pct after results, '09 guidance (Adds quote, details)
By Jennifer Kwan
TORONTO, Dec 11 (Reuters) - Toronto's main stock index was little changed at midday on Thursday in choppy action as strength in commodity issues offset a slump in consumer goods shares on disappointing Gildan Activewear GIL.TO results and forecasts.
Undermining sentiment was the collapse of BCE Inc's (BCE.TO: Quote) leveraged buyout deal and uncertainty over the fate of the bailout of the U.S. auto industry.
BCE fell 3.4 percent to C$22.24 after the C$34.8 billion buyout on the buyout's collapse. [ID:nN11358392] The telecom sector was down 1.8 percent.
Gildan, a top net loser, fell 34 percent to C$11.73 after it posted sharply lower quarterly profit and provided a disappointing 2009 outlook. [ID:nBNG119073] The consumer discretionary group fell 3.7 percent.
"I think the Gildan numbers were a shock to people and the stock is off," said Paul Hand, managing director at RBC Capital Markets. Continued...