CANADA STOCKS-TSX dips as gold losses weigh ahead of Brexit vote

Tue Jun 21, 2016 5:02pm EDT
 
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(Adds portfolio manager comments, details on Suncor Energy, updates prices)

* TSX closes down 2.82 points, or 0.02 percent, at 14,012.32

* Five of the index's 10 main groups end lower

By Fergal Smith

TORONTO, June 21 (Reuters) - Canada's main stocks edged lower on Tuesday as losses for gold ahead of a vote by Britain on its European Union membership weighed on mining stocks, offsetting gains for financial and energy stocks.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.9 percent, including a 3 percent drop in shares of Barrick Gold Corp to C$24.54.

Spot gold fell 1.9 percent as U.S. and European shares rose amid receding expectations that Britain could vote to leave the European Union in Thursday's referendum.

Industrial stocks also lost ground, falling 0.9 percent as railway stocks retreated.

Canadian Pacific Railway Ltd slid 2.3 percent to C$159.30 after warning it expects revenue to fall about 12 percent in the second quarter from a year ago.   Continued...