CANADA STOCKS-TSX slips as non-gold resource stocks weigh

Fri May 13, 2016 5:00pm EDT
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(Adds analyst comment, updates prices to close)

* TSX ends down 39.22 points, or 0.28 percent, at 13,748.58

* Seven of 10 main sectors fall

* Index gained 0.3 percent on the week

By Alastair Sharp

TORONTO, May 13 (Reuters) - Canada's main stock index slipped on Friday, weighed down by financials, industrials and resource stocks as they pulled back in line with softer prices for oil and other commodities.

"Today's price action is somewhat suggestive that some of these commodity sectors are perhaps extended from the perspective of the run that they've had," said Sid Mokhtari, market technician and director of institutional equity research at CIBC World Markets.

Gold miners cushioned the fall, however, as bullion shrugged off a stronger U.S. dollar and data suggesting a brighter outlook for the U.S. economy.

Barrick Gold Corp gained 2.5 percent to C$23.86, Kinross Gold Corp added 2.5 percent to end at C$6.69, and Eldorado Gold Corp rose 4.1 percent to C$6.33.   Continued...