Canada Stocks Little Changed as Gold Gains Offsest Energy, RailsJoseph Ciolli
Canadian stocks were little changed as gains in raw-materials shares offset a drop among energy companies and railroads.
Barrick Gold Corp. and Goldcorp Inc. added more than 2.5 percent amid a gain in the metal. Canadian National Railway Co. and Canadian Pacific Railway Ltd. each decreased 0.8 percent. RMP Energy Inc. dropped 5 percent to pace declines among oil and gas stocks.
The Standard & Poor’s/TSX Composite Index added 1.99 points, or less than 0.1 percent, to 15,346.07 at 4 p.m. in Toronto. The gauge added 0.3 percent last week.
Five of the 10 main groups in the S&P/TSX advanced. Financial companies, which account for about one-third of the broader index by weighting, rose 0.2 percent. The S&P/TSX Gold Index surged 3.2 percent, bringing its two-day increase to 4.3 percent.
Technology companies in the S&P/TSX slid for a third day as Sierra Wireless Inc. and Celestica Inc. lost more than 1 percent. BlackBerry Ltd. added 1.1 percent.
Energy producers fell 0.9 percent. Pengrowth Energy Corp. lost 3.9 percent and Ensign Energy Services Inc. retreated 3.7 percent.