CANADA STOCKS-TSX edges out gain in volatile session

Wed Jun 23, 2010 5:41pm EDT
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* TSX edges up 0.08 percent to finish at 11,807.50

* Rising materials offset by declining financials

* Disappointing data raises recovery concerns (Adds details, further analyst comment)

By Ka Yan Ng

TORONTO, June 23 (Reuters) - Toronto's main stock index ended slightly higher on Wednesday in a volatile session session marked by disappointing data and mixed commodity prices.

Gold companies, despite soft gold prices, were the main source of strength in the materials group, which was up 1.21 percent to lead six advancing sectors of the index's 10 main groups.

Goldcorp G.TO added 2.79 percent to C$46.41, while Barrick Gold ABX.TO was up 0.96 percent to C$46.46. Kinross Gold K.TO gained 2.1 percent to C$18.92.

Many other key resources were lower, including the price of oil, which dropped almost 2 percent on Wednesday. Even so, the energy group eked out a 0.07 percent gain, with a 0.92 percent rise in Suncor Energy SU.TO to C$34.04, while Husky Energy HSE.TO advanced 0.78 percent to C$27.01.

But a sharp decline in the financials group, which was off 0.9 percent, limited the overall index's gains. Canada's five biggest banks were all lower, with Royal Bank of Canada RY.TO down 1.21 percent at C$53.75.   Continued...