CANADA STOCKS-TSX ekes out gain on busy, mixed earnings day

Thu Jul 28, 2016 4:48pm EDT
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(Adds portfolio manager comment, updates prices to close)

* TSX ends up 6.18 points, or 0.04 percent, at 14,552.72

* Half of the TSX's 10 main groups end higher

By Alastair Sharp

TORONTO, July 28 (Reuters) - Canada's main stock index eked out a small gain on Thursday, helped by positive earnings surprises from Teck Resources and others, while disappointment over Potash Corp's dividend and outlook cut and other earnings misses weighed.

The two materials stocks were emblematic of the mixed picture emerging from Canada's earnings season.

Potash Corp fell 7.2 percent to C$20.95 after cutting its full-year profit forecast and dividend for a second time this year.

Meanwhile, Teck Resources Ltd, the largest producer of steelmaking coal in North America, gained 6.6 percent to C$20.19 after reporting a surprise quarterly profit as its costs declined.

"Teck was the exact opposite of Cameco and Potash," said John Kinsey, a portfolio manager at Caldwell Securities.   Continued...