CANADA STOCKS-TSX slips after two sessions of gains

* TSX down 17.88 points, or 0.16 pct, at 11,390.46

* Miners a big drag on index as base metal prices slide
(Updates to close, adds quotes)

By Jennifer kwan

TORONTO, Feb 3 (BestGrowthStock) – Toronto’s main stock market
index ended slightly lower on Wednesday as investors grew
cautious after two straight sessions of gains and a stronger
greenback pressured commodity prices, weighing on miners.

First Quantum Minerals (FM.TO: ) topped the list of
influential movers on the downside, dropping 8 percent to
C$75.05, while Teck Resources (TCKb.TO: ) fell 2.2 percent to
C$36.86, as the price of base metals pulled back.

Copper prices tumbled to 2-1/2-month lows as gains by the
U.S. dollar and concerns over Chinese monetary tightening and
European credit problems reflected an uncertain outlook for the
global economic recovery. [MET/L] Gold prices were also weaker.
[GOL/]

The Toronto Stock Exchange’s S&P/TSX composite index
(.GSPTSE: ) finished the day down 17.88 points, or 0.16 percent,
at 11,390.46.

After two days of gains in which the TSX composite added 2
percent, it was not surprising to see a pullback, said Rick
Meslin, head of Canadian equities at UBS.

“It’s really kind of like a bit of a battle with people
taking risk off and balanced by people who are looking for
opportunities,” he said.

On the upside, were heavyweights Potash Corp of
Saskatchewan Inc (POT.TO: ), which added 3.9 percent to C$114.77,
and Research In Motion (RIM.TO: ), which climbed 3.5 percent to
C$72.00.

Investment Analysis

($1=$1.06 Canadian)
(Reporting by Jennifer Kwan; editing by Rob Wilson)

CANADA STOCKS-TSX slips after two sessions of gains