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TSX flat as miners rise but energy shares drop

Started by riky, May 15, 2014, 09:00:20 AM

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riky

TSX flat as miners rise but energy shares drop

<p><a href="http://news.yahoo.com/tsx-looks-set-open-little-changed-112114142--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/n9A0H3hMp_CwLZ.wwTR8yg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-05-13T112659Z_1_CBREA4C0VT200_RTROPTP_2_CBUSINESS-US-MARKETS-CANADA-STOCKS.JPG" width="130" height="86" alt="Toronto Stock Exchange logo is seen in Toronto" align="left" title="Toronto Stock Exchange logo is seen in Toronto" border="0" /></a>By John Tilak TORONTO (Reuters) - Canada's main stock index was little changed on Wednesday as a gain for gold miners on higher bullion prices was offset by weakness in the energy sector, while healthcare shares fell with Valeant Pharmaceuticals after it said it would sweeten its takeover offer for Allergan Inc. While digesting news that the European Central Bank was preparing a package of policy options for its June meeting, including cuts in all its interest rates, the Toronto market still appeared to be searching for catalysts that could propel it higher. \&quot;Overall there seems to be an element of sector rotation going on,\&quot; said Elvis Picardo, strategist at Global Securities. \&quot;By that token, the gold group would certainly qualify.\&quot; The Toronto Stock Exchange's S&amp;P/TSX composite index &lt;.GSPTSE&gt; closed down 6.08 points, or 0.04 percent, at 14,673.73. Encana Corp dropped 1 percent to C$24.84, and Talisman Energy Inc fell 0.3 percent to C$11.60.</p><br clear="all"/>

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