CANADA STOCKS-TSX steady as miners offset by strength in energy

Fri Jun 20, 2014 10:45am EDT

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* TSX up 5.52 points, or 0.04 percent, at 15,117.73
    * Six of 10 main index sectors decline
    * Energy shares follow oil prices higher

    By John Tilak
    TORONTO, June 20 (Reuters) - Canada's main stock index was
little changed on Friday as a decline in shares of gold miners,
which followed the bullion price lower, was offset by strength
in the energy sector.
    Energy shares received a boost from the continuing conflict
in Iraq, which fueled worries about oil supply in the region and
helped push up the price of U.S. crude oil. 
    The energy group has had the biggest influence on the market
this year, gaining more than 23 percent. The broader Toronto
market is up about 11 percent so far in 2014.
    "I think the geopolitical issues that we're seeing right now
are going to have some short-term influence on commodity prices,
so that could act as a near-term support," said Craig Fehr,
Canadian market strategist at Edward Jones in St. Louis,
Missouri. 
    "But more broadly, the focus continues to be on sustainable
economic expansion and the impact that's going to have on
corporate profits," he added.
     The Toronto Stock Exchange's S&P/TSX composite index
 was up 5.52 points, or 0.04 percent, at 15,117.73. Six
of the 10 main sectors on the index were in the red.
    Financials, the index's most heavily weighted sector,
climbed slightly, with Bank of Montreal rising 0.5
percent to C$77.73 and Royal Bank of Canada advancing
0.3 percent to C$75.30.
    Shares of energy producers gained 0.3 percent. Suncor Energy
Inc was up 0.6 percent at C$46.23, and Canadian Natural
Resources Ltd strengthened 0.7 percent to C$48.13.
    In the gold-mining sector, Barrick Gold Corp lost
0.5 percent to C$19.40.

 (Editing by James Dalgleish)
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