CANADA STOCKS-TSX goes flat as U.S. earnings season starts

Mon Jul 12, 2010 4:52pm EDT
 
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* TSX slips 0.04 percent to end at 11,565.76

* Six sectors fall

* Potential earnings surprises sideline investors (Updates to close)

TORONTO, July 12 (Reuters) - Toronto's main stock index closed marginally lower on Monday, flattening out as wary investors sat on their hands and braced for any surprises that may come as the U.S. earnings season starts.

The index spent the day in a 104-point range as investors looked ahead to second-quarter earnings results from U.S. companies, with Alcoa Inc (AA.N: Quote) reporting after the bell.

A weak run of economic data has raised speculation the economic recovery may be losing momentum.

"It's all about the guidance, hints about hiring or if they see stronger sales," said Francis Campeau, broker at MF Global Canada, in Montreal.

"As for today, the word is lacklustre, a fairly narrow range vis-a-vis what we've seen recently.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE slipped 4.69 points, or 0.04 percent, to end at 11,565.76. Six of the index's 10 sectors were lower.   Continued...