CANADA STOCKS-TSX choppy after upbeat GDP data

Fri Jan 29, 2010 11:09am EST
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* TSX up 0.33 percent at 11,311.20

* Energy sector up; Suncor leads gainers

* Royal Bank leads financials down

By Claire Sibonney

TORONTO, Jan 29 (Reuters) - Toronto's main stock index was little changed on Friday after surprisingly positive Canadian and U.S. GDP data was offset by weakness in financials.

Oil jumped to above $74 per barrel after data showed U.S. economy grew a faster than expected 5.7 percent in the fourth quarter, the quickest pace in more than six years.

Suncor Energy Inc SU.TO, Canada's largest oil company, led the index gainers, adding 1.14 percent at C$34.73, after a boost in commodity prices.

"We're still in that area where financials, materials and oil and gas are the three areas where we have heavy weightings," said John Kinsey, a portfolio manager at Caldwell Securities.

On the downside, Royal Bank of Canada RY.TO, the country's largest financial institution, was the top decliner, down 0.73 percent at C$53.09.   Continued...