CANADA STOCKS-TSX down slightly as gold miners weigh
* TSX down 3.44 points, or 0.03 percent, at 11,718.63
* Seven of TSX's 10 main sectors lower
* Potash up 0.7 pct, among big deals in play this month (Adds details, quotes)
By Jennifer Kwan
TORONTO, Aug 23 (Reuters) - Toronto's main stock index ended slightly lower on Monday, weighed down by weakness in gold miners and by investor uncertainty about the economic recovery.
Barrick Gold (ABX.TO: Quote) sank 1.1 percent to C$46.38, while Goldcorp (G.TO: Quote) fell 1.7 percent to C$43.20 as a firmer greenback kept bullion prices from rising further and gold ended largely flat ahead of key U.S. economic data due later this week. [GOL/]
The broader materials sector fell 0.64 percent.
"Lingering yet waning optimism regarding M&A" kept the TSX above break-even for most of the day, but uncertainty about the economic outlook dragged on investor sentiment, said Rick Meslin, head of Canadian equities at UBS.
"What we're seeing now is people take a little bit of money off," Meslin said. "But for the M&A optimism, I'd expect the market to be a lot lower as average sentiment about whether the recovery is going to be there or not has really not become clear. I'd say sentiment is uncertain at best." Continued...