Canada Stocks Little Changed as BlackBerry Gains, Materials Fall

Canadian stocks were little changed after closing at a one-week high, as BlackBerry (BB) Ltd. climbed a third day and commodities producers slumped amid falling oil and gold prices.

BlackBerry rose 3.4 percent today, after announcing yesterday it had formed a special committee to consider strategic options. Iamgold added 3.6 percent after lowering its cost forecasts for the year. Pengrowth Energy Corp. and TransGlobe Energy Corp. fell at least 1.2 percent as crude slid 0.4 percent.

The Standard & Poor’s/TSX Composite Index (SPTSX) rose 13.32 points, or 0.1 percent, to 12,607.59 at 10:13 a.m. in Toronto. The index has gained 1.4 percent this year.

To contact the reporter on this story: Eric Lam in Toronto at elam87@bloomberg.net

To contact the editor responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net

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