CANADA STOCKS-TSX gains on resource issues, but RBC weighs

Thu Aug 26, 2010 5:22pm EDT
 
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* TSX up 5.06 points, or 0.04 percent, at 11,653.18

* Strength in gold mining issues push TSX up

* Royal Bank weighs after results miss forecasts (Adds details)

By Jennifer Kwan

TORONTO, Aug 26 (Reuters) - Toronto's main stock index ended marginally higher on Thursday on firmness in resource issues, but disappointing results from Royal Bank of Canada (RY.TO: Quote) limited gains.

Fighting to push the market higher were gold miners, which climbed even as bullion prices were slightly lower as a decline in U.S. jobless claims dented the metal's attraction as a safe-haven play after two days of gains. [ID:nLDE67P0SW]

Barrick Gold (ABX.TO: Quote) rose 1.8 percent to C$48.82 and Goldcorp (G.TO: Quote) climbed 2.8 percent to C$45.85, helping to push up the broader materials group by 0.9 percent. [GOL/]

Energy shares rose 0.3 percent as oil prices climbed on the modest improvement in U.S. jobs data and a weaker greenback. [O/R] [ID:nN26580014]

Also helping to keep the TSX above water was National Bank of Canada (NA.TO: Quote), a top net gainer, which soared 4.2 percent to C$58.00 after it posted better than expected results. [ID:nN26182091]   Continued...