CANADA STOCKS-TSX seesaws as financials weigh

Thu Apr 21, 2016 11:06am EDT
 
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(Adds details on sectors and stocks throughout, updates prices)

* TSX down 12.78 points, or 0.09 percent, at 13,898.51

* Six of the TSX's 10 main groups were lower

TORONTO, April 21 (Reuters) - Canada's main stock seesawed on Thursday as losses for financial sector stocks offset gains for the materials group.

Still, the index has rallied more than 20 percent since hitting a nearly 3-1/2-year low in January. It reached a nearly six-month high on Wednesday at 13,971.83.

The most influential movers on the index included its heavyweight bank stocks. Royal Bank of Canada fell 0.6 percent to C$77.43, and Toronto-Dominion Bank declined 0.4 percent to C$56.15.

The overall financials group fell 0.6 percent.

Bombardier Inc fell 2.9 percent to C$1.69. Canada will not give the struggling aircraft maker federal aid without assurances on jobs, investment in research and the location of the company's headquarters, a senior government official said on Wednesday.

The energy group dipped 0.1 percent as oil prices fell. U.S. crude was down 1.9 percent at $43.34 a barrel.   Continued...