Toronto stocks little changed as resources slide

Wed May 14, 2008 4:06pm EDT
 
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TORONTO May 14 (Reuters) - The Toronto Stock Exchange's main index gave up nearly all of its gains on Wednesday, as weak resources undermined a rally in financial issues after Royal Bank of Canada (RY.TO: Quote) said it will take a second-quarter writedown that was smaller than had been forecast.

The S&P/TSX composite index .GSPTSE unofficially closed up 5.96 points, or 0.04 percent, at 14,622.66. (Reporting by Leah Schnurr; editing by Rob Wilson)