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 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 rose 1.8 percent to C$48.82 and Goldcorp G.TO 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, a top net gainer, which soared 4.2 percent to C$58.00 after it posted better than expected results. [ID:nN26182091]   Continued...