CANADA STOCKS-TSX dips on financials, but oil offsets

Fri Jan 21, 2011 3:09pm EST
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TORONTO Jan 21 (Reuters) - Toronto's main stock index dipped on Friday afternoon, turning lower as early gains by the financials and materials groups fizzled, but the decline was held in check by stronger oil and gas issues.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE eased 0.01 of a point to 13,331.31. Six of the index's 10 main groups were lower, pressured by a 0.6 percent drop in financials and a 0.5 percent fall in materials.

The energy group, however, offset the weakness with a 1.2 percent gain. (Reporting by Ka Yan Ng; editing by Rob Wilson)