Toronto stocks little changed as resources falter

Wed Jun 25, 2008 10:07am EDT
 
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TORONTO, June 25 (Reuters) - The Toronto Stock Exchange's main index was little changed on Wednesday morning as strength financials was offset by weakening resources.

The S&P/TSX composite index .GSPTSE was up 10.52 points, or 0.07 percent, at 14,420.12 shortly after the opening bell with all but two of its 10 main sectors pushing up. It rose as high as 14,490.16 after the opening bell.

The large financial group popped up 0.8 percent, with Toronto-Dominion Bank TD.TO gaining 90 Canadian cents, or 1.4 percent, to C$64.86, and Bank of Montreal BMO.TO adding 57 Canadian cents, or 1.4 percent, to C$42.88.

The oil and gas group retreated from an earlier gain, dipping 0.1 percent as the price of oil eased. Suncor Energy SU.TO was off 84 Canadian cents, or 1.4 percent, at C$60.47

The materials group was down 0.9 percent, weighed down by Potash Corp of Saskatchewan POT.TO, which slid C$2.29, or 1 percent, to C$227.70. ($1=$1.01 Canadian) (Reporting by Leah Schnurr; Editing by Peter Galloway)