CANADA STOCKS-TSX helped higher by reviving financials

Mon Jan 25, 2010 5:27pm 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 U.S. banks lingered.

Toronto-Dominion Bank (TD.TO: Quote) topped all heavyweight gainers, rising 1.15 percent to C$62.46, while Bank of Montreal (BMO.TO: Quote) rose 0.9 percent to C$52.65, and Canadian Imperial Bank of Commerce (CM.TO: Quote) climbed 0.55 percent to C$64.08.

Bank of Nova Scotia (BNS.TO: Quote) rallied 1.08 percent to C$45.08 as Macquarie Equities Research upgraded Canada's third largest bank to "neutral" from "underperform."[ID:nSGE60O0KP]

Royal Bank of Canada (RY.TO: Quote) bucked the trend, and was among the heavyweight decliners, sliding 0.32 percent to C$52.71.   Continued...