CANADA STOCKS-TSX helped higher by reviving financials

Mon Jan 25, 2010 4:42pm EST
 
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* S&P/TSX composite up 0.1 percent at 11,354.51

* Financials recoup some of last week's losses

* Gold shares drop (Adds details, quotes)

By Ka Yan Ng

TORONTO, Jan 25 (Reuters) - Toronto's main stock index ended little changed on Monday as beaten-down financial and energy shares found investor interest, but falling golds limited the gains.

Four of the country's five biggest banks rose on Monday, picked up by bargain-hunters after falling much of last week, even as some uncertainty over U.S. President Barack Obama's plan to rein in big banks lingered.

Toronto-Dominion Bank (TD.TO: Quote) topped all influential gainers, rising 1.15 percent to C$62.46, followed by Bank of Nova Scotia (BNS.TO: Quote), up 1.08 percent at C$45.08. Royal Bank of Canada (RY.TO: Quote) bucked the trend, and was among the heavyweight decliners, sliding 0.32 percent to C$52.71.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE closed up 11.08 points, or 0.1 percent, at 11,354.51, with seven of the index's 10 main groups ending higher. The TSX index sagged 2.9 percent last week, its second consecutive weekly decline.

Energy shares and non-gold materials issues were also on the rise, including Potash Corp (POT.TO: Quote), up 0.72 percent at C$116.13, and Canadian Natural Resources (CNQ.TO: Quote), up 0.74 percent at C$70.32.   Continued...