TSX flat as declines in Eldorado, energy offset financials' gains

FILE PHOTO: A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. REUTERS/Mark Blinch/File Photo

TORONTO (Reuters) - Canada’s main stock index ended little changed on Monday, as a plunge in Eldorado Gold Corp and losses for energy stocks offset gains in the financial and mining sectors. Eldorado dropped 27.8 percent to C$1.97 after lowering production guidance for a gold mine in Turkey. [nCNWqjyRna]

With Brent crude oil prices slipping, shares of energy companies declined. Canadian Natural Resources Ltd gave back 1.3 percent to C$41.14.

The Toronto Stock Exchange’s S&P/TSX composite index closed down 1.46 points, or 0.01 percent, to 15,855.76. Seven of its 10 main sectors were positive.

The financial sector edged higher. Royal Bank of Canada rose 0.2 percent to C$101.42, and Bank of Nova Scotia gained 0.4 percent to C$81.26.

A rise in bullion prices helped fuel a gain in the materials sector. Barrick Gold Corp added 1 percent to C$20.42. However, Yamana Gold Inc slipped 2 percent to C$3.34.

Hudson’s Bay Co’s shares fell 1.8 percent to C$11.75 after the company said late on Friday that Chief Executive Gerald Storch would leave the company. Activist investor Jonathan Litt said on Monday he is considering seeking the removal of several directors at a special shareholder meeting.

Reporting by Alastair Sharp and John Tilak; Editing by Meredith Mazzilli and James Dalgleish