CANADA STOCKS-TSX edges down, lower commodities weigh on resource stocks

Thu Apr 14, 2016 5:14pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager comments, details on gold stocks, Valeant, financial sector stocks, Loblaw Companies, updates prices)

* TSX ended down 3.06 points, or 0.02 percent, to 13,668.29

* Just three of the TSX's 10 main groups ended lower

By Fergal Smith

TORONTO, April 14 (Reuters) - Canada's main stock index fell slightly on Thursday as lower commodity prices weighed on energy and mining stocks, while financial sector stocks rose.

The index has rallied 18.5 percent since hitting an almost 3-1/2-year low in January. On Wednesday, it touched its highest in five months at 13,703.61.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 2.7 percent.

"The big story today is just the pullback in the gold stocks," said Patrick Blais, senior portfolio manager at Manulife Asset Management.

Barrick Gold Corp fell 3.7 percent to C$19.81, while Goldcorp Inc was also down 3.7 percent at C$21.31.   Continued...