CANADA STOCKS-TSX reverses big fall to end little changed

* TSX closes 3.27 points, or 0.03 pct, lower at 11,518.08

* Index fell more than 2 pct early in the session

* Oil and gas shares weigh on TSX

* Golds advance on safety bid
(Updates to close, adds quote)

By Jennifer Kwan

TORONTO, May 25 (BestGrowthStock) – Toronto’s main stock index
ended only slightly lower on Tuesday after a sharp fall early
in the day as surging gold mining shares cushioned a drop in
the oil and gas sector on worries that Europe’s banking
problems could derail global economic recovery.

Gold miners rose as bullion prices climbed on safe-haven
buying, and by the end of the day energy and financial shares
had trimmed early losses.

Barrick Gold (ABX.TO: ) gained 4.4 percent to C$45.30, while
Goldcorp (G.TO: ) rose 5.2 percent to C$45.61. Kinross (K.TO: ) was
up 3.5 percent at C$18.21, and Yamana Gold (YRI.TO: ) climbed 5.7
percent to C$11.21.

Heavyweight movers on the downside included Suncor Energy
(SU.TO: ), down 1.7 percent at C$30.66, while Canadian Natural
Resources (CNQ.TO: ) sank 1.1 percent at C$34.30. Also lower was
Royal Bank of Canada (RY.TO: ), the country’s biggest lender,
down 0.82 percent at C$58.99, and Bank of Nova Scotia (BNS.TO: ),
which fell 0.14 percent at C$49.43.

Energy shares and Canadian banks, even though they have
limited exposure to European debt, were caught up in a global
selloff early in the day that helped send the TSX down 2
percent.

Catalysts for the selloff included the necessity for the
Bank of Spain to rescue a local lender over the weekend and the
military tension between North and South Korea. [MKTS/GLOB]
[[ID:nSGE64O03B]

“You have a market that is looking for a reason to go
down,” said Paul Taylor, chief investment officer at BMO Harris
Investment Management Inc.

Energy shares fell 1.5 percent, financials fell 0.5
percent, while materials were up 2.5 percent.

The Toronto Stock Exchange’s S&P/TSX composite index
(.GSPTSE: ) finished the day down 3.27 points, or 0.03 percent,
at 11,518.08, with half of its 10 main sectors lower. The index
has been down seven of eight sessions.

Stock Investing

($1=$1.07 Canadian)
(Reporting by Jennifer Kwan; editing by Peter Galloway)

CANADA STOCKS-TSX reverses big fall to end little changed