CANADA STOCKS-Resources hold TSX lower despite bank, RIM rally

Wed Jan 27, 2010 4:36pm EST
 
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* TSX ends down 0.15 percent at 11,344.11

* Miners lead slide; golds, oils also lower

* RIM, banks, make late session surge

* U.S. Fed keeps rates steady, tone brighter (Adds details, comments)

By Ka Yan Ng

TORONTO, Jan 27 (Reuters) - Toronto's main stock index finished lower on weak resources on Wednesday, staving off a late-session rally by Research In Motion RIM.TO and financial shares.

Concerns about the global economic recovery and demand for key commodities weighed on the resource-laden index, dragging down a host of blue-chip oil and gold producers.

Teck Resources TCKb.TO led the slide, falling 4.26 percent to C$37.05, followed by Suncor Energy Inc (SU.TO: Quote), down 0.91 percent at C$34.71.

Gold and oil prices were lower as the U.S. dollar hit a six-month high against the euro on concerns over Greece's fiscal problems and lingering concern about China's recent credit-tightening steps. [GOL/][O/R].   Continued...