CANADA STOCKS-TSX little changed as miners offset modest gains

* TSX down 1.4 points, or 0.01 percent, to 15,142.59

* Six of the TSX’s 10 main groups were down

TORONTO, July 13 (Reuters) – Canada’s main stock index were
flat on Thursday, with most sectors little changed a day after
the Bank of Canada raised interest rates for the first time in
seven years.

The increase spurred some pockets of concern over the longer
term impact on exporters, higher borrowing costs and consumer
spending.

At 10:27 a.m. ET (1427 GMT), the Toronto Stock Exchange’s
S&P/TSX composite index seesawed lower, down 1.4
points, or 0.01 percent, at 15,142.59.

Of the index’s 10 main groups six were in negative
territory.

Financial stocks, which account for about a third of the
index’s weight, made up half of the 10 most influential stocks
on the positive side, gaining 0.2 percent, but individual stock
moves were very small.

Technology stocks were among the index’s stronger
performers, with Open Text Corp rising for the fifth
straight session up 1.5 percent at C$41.60. Shopify Inc
advanced 0.6 percent to C$121.38.

Energy stocks climbed 0.3 percent, as oil prices remained
little changed after evidence of stronger demand in China
balanced reports of higher production by key OPEC exporters.
U.S. crude futures were up 0.9 percent to $45.89 a
barrel.

Alimentation Couche Tard Inc was the biggest drag
on the index, falling 1.6 percent to C$61.38. The pull back came
a day after shares climbed 3.7 percent on better than expected
fourth quarter results. The overall consumer staples group fell
0.4 percent.

Mining stocks lost 0.3 percent, with Agnico Eagle Mines Ltd
declining 1.4 percent to C$56.10. Kinross Gold Corp
falling 2.4 percent to C$4.85.

Declining issues outnumbered advancing ones on the TSX by
130 to 111, for a 1.17-to-1 ratio on the downside.
(Reporting by Solarina Ho; Editing by Marguerita Choy)


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