Bloomberg News

Canadian Stocks Erase Gain as Gold, Copper Producers Decline

February 13, 2012

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


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