CANADA STOCKS-TSX closes with small gain after see-saw day

Wed Jun 16, 2010 4:51pm EDT
 
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* TSX up 13.51 points at 11,921.05

* Five of TSX's 10 main groups higher

* Magna falls 5.5 percent after OSC challenge (Adds details)

By Jennifer Kwan

TORONTO, June 16 (Reuters) - Toronto's main stock index closed slightly higher after a choppy session on Wednesday, extending Tuesday's 2 percent rally.

Heavyweight gainers included First Quantum Minerals (FM.TO: Quote), which climbed 3.6 percent to C$62.25, and Potash Corp of Saskatchewan (POT.TO: Quote), up 0.2 percent at C$104.41.

Royal Bank of Canada (RY.TO: Quote), the country's biggest lender, edged 0.5 percent higher to C$54.96, and Bank of Nova Scotia (BNS.TO: Quote) rose 0.2 percent to C$51.48. Suncor Energy (SU.TO: Quote) climbed 1.1 percent to C$34.87, while Barrick Gold (ABX.TO: Quote) rose 0.7 percent to C$44.34.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE finished the day up 13.51 points, or 0.11 percent, at 11,921.05, with half of its 10 main groups higher. The higher close came after the index see-sawed through the day without much conviction.

"There's a little bit of a tug-of-war between the bears and bulls," said Luciano Orengo, portfolio manager at MFC Global Investment Management.   Continued...