CANADA STOCKS-TSX flat as golds offset weak U.S. data

Thu Jun 17, 2010 11:15am EDT
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* TSX up 4.60 points at 11,925.60

* Gold miners keep index above water

* Weak U.S. data weighs on investor sentiment (Adds details, quotes)

By Jennifer Kwan

TORONTO, June 17 (Reuters) - Toronto's main stock index was little changed on Thursday morning, supported by strength in gold miners and market optimism about a Spanish bond auction, but held back by weak U.S. economic data.

Helping to lead the index higher was Barrick Gold Corp (ABX.TO: Quote), the world's No. 1 producer, up 2.8 percent at C$45.60. Goldcorp (G.TO: Quote) was ahead 2.3 percent at C$46.17, while Agnico-Eagle (AEM.TO: Quote) climbed 2.8 percent to C$65.46.

The gold miners were aided by strength in bullion prices, up around $1,245 an ounce, partly because of broader euro zone debt concerns and downbeat U.S. data. [GOL/]

The Toronto index followed world stocks higher after Spanish bond issues drew strong demand, easing worries over the country's public finances. [MKTS/GLOB]

"The market liked the turnaround overnight with the successful Spain bond auction. There were some jitters around that," said Francis Campeau, a broker at MF Global Canada in Montreal.   Continued...