April 28, 2011 / 8:48 PM / 7 years ago

CANADA STOCKS-TSX ends little changed on mixed earnings

 * TSX almost unchanged, ends up 1.83 points at 13,894.40
 * Six sectors advance
 (Adds details)
 TORONTO, April 28 (Reuters) - Toronto's main stock index
ended little changed on Thursday as gold miners and some other
mining issues fell and oil and gas shares rose, while corporate
results were mixed.
  Stronger-than-expected earnings pushed papermaker Domtar
Corp UFS.TO,up 1.9 percent to C$87.89, and pharmacy chain
Jean Coutu Group PJCa.TO up 1.34 percent to C$10.59.
 But news and information provider Thomson Reuters TRI.TO
fell 2.61 percent to C$38.11 after it reported adjusted
earnings that missed estimates. It said it plans to sell two
businesses to fund further investment. [ID:nN26263605]
 Imperial Oil IMO.TO cut early losses after reporting a
lower-than-expected profit, but still ended the session 0.72
percent lower at C$49.91. [ID:nN27295358]
 "We've got some minor variances from expectations that seem
to be weighing on the markets a little bit today but there's no
big news item that's really got people running one way or
another," said Michael Sprung, president at Sprung & Co
Investment Counsel.
 The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE ended up 1.83 points at 13,894.40. Six of the index's
10 main groups advanced, with the heavily weighted energy group
rising 0.42 percent. The materials group led on the downside,
falling 0.76 percent.
 Potash Corp POT.TO dragged on the materials group,
falling 2.75 percent to C$52.69, after it reported higher
quarterly profit but disappointed some investors who had
expected more. [ID:nN28203376]
 Analysts also said there was also some caution in the
market resulting from a surge in the polls by the left-leaning
New Democratic Party ahead of Canada's May 2 general election.
 The NDP, now second in the polls behind the Conservatives,
is proposing significantly higher corporate taxes, and the
possibility of the party coming to power has ruffled some
market feathers. [ID:nN27126329]
 ($1=$0.95 Canadian)
 (Reporting by Ka Yan Ng; editing by Peter Galloway)

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