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* S&P/TSX composite down 64.99 points at 11,788.68
* Energy, gold shares down on lower commodity prices
TORONTO, Jan 14 (Reuters) - Toronto's main stock market index was lower on Thursday morning, hurt by a drop in oil and gold prices and weak U.S. economic data.
Shares of Barrick Gold Corp (ABX.TO) led the index's decliners, down 1.29 percent at C$41.40, as gold prices turned lower.
Volume was light ahead of some major U.S. earnings reports later in the day and on Friday.
"I think today is going to be sideways ahead of financial earnings tomorrow," said Francis Campeau, a broker at MF Global Canada in Montreal, referring to first quarter earnings of Intel Corp (INTC.O), expected after the bell and JPMorgan Chase & Co (JPM.N) on Friday.
At 11:04 a.m. (1604 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 64.99 points, or 0.55 percent, at 11,788.68.
Shaw Communications Inc (SJRb.TO) fell 0.39 percent to C$20.62 after reporting a lower net profit. Astral Media Inc ACMa.TO rose 0.92 percent to C$35.02 after reporting a sharp rise in earnings.
South of the border, data showed claims for first-time job benefits rose more than expected last week, and retail sales unexpectedly fell in December.
$1=$1.03 Canadian Reporting by Claire Sibonney; Editing by Peter Galloway