CANADA STOCKS-TSX dips as oil seesaws, gold hits 3-1/2-month low

Mon May 30, 2016 11:10am EDT
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(Adds details on stocks and sectors throughout, updates prices)

* TSX fell 11.73 points, or 0.08 percent, to 14,093.5

* Just two of the TSX's 10 main groups were lower

TORONTO, May 30 (Reuters) - Canada's main stock index edged lower on Monday as oil seesawed and gold fell to a 3-1/2-month low, while financials firmed ahead of a potential increase in U.S. interest rates this summer.

Suncor Energy Inc's facilities north of Fort McMurray, Alberta, are expected to partially restart by the end of the week, the company said on Sunday, the latest sign that Canadian oil sands producers are coming back online after a massive wildfire.

Still, Suncor's shares dipped 0.2 percent to C$35.84, while Enbridge Inc fell 1.4 percent to C$52.02 as oil seesawed.

U.S. crude futures rose 2 cents to $49.35 a barrel in subdued trade as public holidays were observed in Britain and the United States.

Oil edged lower earlier in the session as Iraq raised its crude exports target ahead of an OPEC meeting while Canadian production was set to restart.

The materials group, which includes precious and base metals mining and fertilizer companies, lost 0.2 percent.   Continued...