Bloomberg News

Canadian Energy Stocks Gain for Second Day; Financials Decline

February 22, 2012

Feb. 22 (Bloomberg) -- Canada’s main stock index swung between gains and losses as energy stocks rose for a second day after Greece won another bailout and financial stocks declined.

The Standard & Poor’s/TSX Composite Index fell 2.99 points, or less than 0.1 percent, to 12,620.37 at 12:09 p.m. in Toronto after gaining as much as 0.3 percent earlier.

Suncor Energy Inc. advanced 1.2 percent to C$35.16, to lead oil and gas producers higher. Manulife Financial Corp. the country’s largest insurer, fell 2.2 percent to C$12.43.

To contact the reporter on this story: Stephen Kleege in New York at skleege@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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