September 25, 2009 / 2:32 PM / 8 years ago

CANADA STOCKS-TSX little changed as gold, RIM fall; energy up

3 Min Read

* TSX up 10.04 points, or 0.09 percent, to 11,295.80

* RIM falls 14.7 percent after outlook

* Information technology down 4 percent

* Energy sector climbs 1.2 percent

(Adds details, quote)

By Jennifer Kwan

TORONTO, Sept 25 (Reuters) - Toronto's main stock index was little changed on Friday morning as strength in energy shares offset weak gold prices and a drop in Research in Motion after it delivered a disappointing outlook.

Shares of Research In Motion RIM.TO RIMM.O, the top net loser, tumbled 14.7 percent to C$76.93 after the BlackBerry maker reported a lower profit on Thursday and gave an outlook that fell short of analysts' expectations. [ID:nN24466680] RIM helped to drag the information technology sector down by 4 percent.

Joining the list of influential movers on the downside were gold miners including Barrick Gold (ABX.TO), which dropped 0.3 percent to C$39.50, and Goldcorp (G.TO), down 1.1 percent at C$42.46, and Kinross Gold (K.TO), which fell 1.1 percent to C$22.64. The price of gold hit a two-week low. [GOL/]

The materials sector, home to miners and fertilizer companies, was unchanged.

Investors are slightly cautious after U.S. durable goods data on Friday that showed an unexpected fall in August, said Steve Ibel, institutional equities trader at Beacon Securities, in Halifax, Nova Scotia. [ID:nN25498069]

"The durable goods number was a bit disconcerting," he said. "The consumers are holding their wallets and purses back and taking a back seat on spending."

At 10:10 a.m. (1410 GMT), the S&P/TSX composite index .GSPTSE was up 10.04 points, or 0.09 percent, at 11,295.80, with seven of its 10 main groups higher.

Energy shares, up 1.21 percent, held steady as the price of oil CLc1 kept above $66 a barrel in choppy trade, while financials also rose 0.64 percent. [O/R],

Canadian Natural Resources (CNQ.TO) climbed 2 percent to C$73.28 and Bank of Nova Scotia (BNS.TO) was up 0.8 percent at C$47.47.

$1=$1.09 Canadian Reporting by Jennifer Kwan; Editing by Jeffrey Hodgson

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