CANADA STOCKS-TSX little changed as banks gain amid broader decline

Fri Jul 15, 2016 10:35am EDT
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(Adds details from early trade, updates prices)

* TSX up 0.38 points, or essentially flat, at 14,514.90

* Seven of the TSX's 10 main groups fall

* Index on track for 1.8 percent weekly gain

TORONTO, July 15 (Reuters) - Canada's main stock index was little changed on Friday as heavyweight bank stocks made some gains, while most other groups including gold miners, energy producers and telecom and technology stocks weighed.

The Toronto Stock Exchange's S&P/TSX composite index was nevertheless on track to rise 1.8 percent on the week, its third straight week of 1-percent-plus gains.

The most influential gainers included some of its biggest banks, with Royal Bank of Canada up 0.4 percent to C$80.13, and Bank of Nova Scotia adding 0.7 percent to C$65.67.

Among stocks weighing most heavily were Goldcorp Inc, which fell 0.7 percent to C$24.91. The sector edged lower as the price of bullion fell on Friday and was set for its first weekly loss since May.

Suncor Energy Inc declined 0.3 percent to C$36.47. Other energy stocks gained, however, including Encana Corp , which rose 1.7 percent to C$10.47.   Continued...