CANADA STOCKS-TSX little changed, Manulife drops

Thu Aug 6, 2009 9:46am EDT
 
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 TORONTO, Aug 6 (Reuters) - Toronto's main stock index was
little changed  at the opening bell on Thursday as investors
digested a mountain of Canadian corporate results.
 The S&P/TSX composite index .GSPTSE fell 12.75 points, or
0.12 percent, to 11,034.18 at the open.
 Eight of the index's 10 main groups were higher, but there
was substantial pressure from the hefty financial group, down
0.76 percent, after Manulife Financial MFC.TO cut its
dividend by 50 percent in a bid to preserve capital.
[ID:nN06263952]
 Manulife, the top heavyweight decliner, fell 4.8 percent to
C$24.99.
 ($1=$1.07 Canadian)
 (Reporting by Ka Yan Ng;  editing by Peter Galloway)