CANADA STOCKS-TSX win streak halted at 7; resource and industrials weigh

Mon Apr 13, 2015 4:41pm EDT
 
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(Adds fund manager comment, updates prices to close)

* TSX ends down 4.84 points, or 0.03 percent, at 15,383.59

* Index had gained almost 500 points since end of March

* Gold miners deal no spark for peers

By Alastair Sharp

TORONTO, April 13 (Reuters) - Canada's main stock index slipped into the red on Monday, ending a 7-day winning streak as rival miners won no love from a merger and investors also took a step back from a range of industrial and energy names.

Shares in Alamos Gold Inc jumped 6.6 percent to C$7.90 and AuRico Gold Inc surged 8.2 percent to C$4.09 as the pair of Canadian gold miners unveiled a $1.5 billion merger plan.

But the materials sector on the whole still fell almost 1 percent as resource prices softened on weak Chinese trade data.

Barrick Gold Corp, one of the world's largest bullion producers, slipped 2.3 percent to C$15.59, while diversified miner Teck Resources Ltd was off 3.8 percent at C$16.65.   Continued...