CANADA STOCKS-Golds push TSX into red briefly

Fri Sep 3, 2010 11:09am EDT
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TORONTO, Sept 3 (Reuters) - Toronto's main stock index turned briefly lower on Friday morning as the drag from falling gold miners overshadowed gains in most other sectors, which were supported by easing fears of a U.S. double dip recession.

The commodity-heavy Toronto Stock Exchange's S&P/TSX composite index .GSPTSE dipped 2.12 points to 12,108.97, before recovering a bit. The index's materials group, home to gold producers, was off 1.2 percent, while most other groups held moderate gains.

U.S. nonfarm employment fell for a third straight month in August, but the drop of 54,000 was far less than forecast, while private payrolls growth was higher than expected. But the stock index came off session highs after a report showed U.S. services activity was more sluggish than expected. [ID:nN02227856] (Reporting by Ka Yan Ng; editing by Peter Galloway)