December 10, 2009 / 4:04 PM / in 8 years

CANADA STOCKS-TSX little changed, gold stocks drag

 * TSX up 0.12 percent at 11,392.44
 * Gold stocks offset gains in energy issues
 (Adds details, comments)
 By Irene Kuan
 TORONTO, Dec 10 (Reuters) - Toronto’s main stock index was little changed on Thursday as gains in energy issues on the back of stronger oil prices were offset by weakness in gold miners, including Barrick Gold (ABX.TO).
 Barrick, the world’s largest gold producer, fell 1.49 percent at C$42.87, while rival Goldcorp Inc (G.TO) was down 0.63 percent to C$42.70.
 The price of gold pared some of its early losses on Thursday, but was below levels seen in New York late on Wednesday. [GOL/]
 “It’s very hard as we go through next week. Liquidity sort of dries up in the marketplace as we go into the later part of December,” said Paul Harris, portfolio manager at Avenue Investment Management.
 “It’s going to cause a damper on the marketplace and any kind of big swing will not happen.”
 Stronger oil prices helped support the market, with crude back above $71 a barrel on Thursday, recovering after falling more than 2 percent in the previous session. [O/R] 
 Suncor Energy (SU.TO) was up 1.75 percent at C$36.12, while Talisman Energy Inc TLM.TO rose 1.88 percent to C$17.84.
 At 10:40 a.m. (1540 GMT), the S&P/TSX composite index .GSPTSE was up 13.22 points, or 0.12 percent, at 11,392.44.  (Reporting by Irene Kuan; Editing by Jeffrey Hodgson)   

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