Canadian Stocks Erase Gain as Gold, Copper Producers Decline
February 13, 2012, 2:12 PM ESTBy Stephen Kleege
Feb. 13 (Bloomberg) -- Canada’s main stock index erased an earlier gain as gold and copper mining companies declined.
The Standard & Poor’s/TSX Composite Index slipped 1.01 point, or less than 0.1 percent, to 12,388.41 at 11:48 a.m. in Toronto, after advancing as much as 0.6 percent earlier. Barrick Gold Corp., the world’s biggest producer of the metal declined 1.4 percent to C$47.60, while Teck Resources Ltd., the country’s biggest base metals company, declined 2 percent to C$39.44.
Canadian Natural Resources Ltd. advanced 1.2 percent to C$38.21 as oil climbed after Greece approved an austerity plan
To contact the reporter on this story: Stephen Kleege in New York at skleege@bloomberg.net
To contact the editor responsible for this story: Joanna Ossinger at jossinger@bloomberg.net
