CANADA STOCKS-TSX ends nearly unchanged as gold stocks rise, financials fall

Thu May 5, 2016 5:28pm EDT
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(Adds portfolio manager quote, details on energy and fertilizer companies and Franco Nevada, updates prices)

* TSX closed up 0.01 points, or 0.00 percent, at 13,632.01

* Four of the TSX's 10 main groups ended higher

By Fergal Smith

TORONTO, May 5 (Reuters) - Canada's main stock index ended nearly unchanged on Thursday as gains for gold stocks offset losses for financials, while investors grappled with impact of a massive wildfire that has shut some production in the country's oil sands region.

The index has rebounded 18 percent from an almost 3-1/2-year low in January, though it has been unable to climb back above 14,000.

After such a sharp rally "we did need a little bit of consolidation," said John Kinsey, a portfolio manager at Caldwell Securities.

The Toronto Stock Exchange's S&P/TSX composite index closed up 0.01 points, or 0.00 percent, to 13,632.01. Just four of the index's 10 main groups ended higher.

A good year for the U.S. economy and a bottom having been hit for commodity markets can help support the index, said Kinsey.   Continued...