CANADA STOCKS-TSX struggles but closes slightly higher

* TSX up 12.44 points, or 0.1 percent, at 11,517.18

* Six out of 10 main sectors push higher
(Updates to close)

By Claire Sibonney

TORONTO, June 8 (BestGrowthStock) – Toronto’s main stock index
ended little changed on Tuesday after a volatile day, swinging
lower on festering worries over Europe’s fiscal health, and
eventually following U.S. equities higher on optimism over the
state of the U.S. economy.

On the leaderboard, Teck Resources (TCKb.TO: ) soared 5.1
percent to C$32.73, Royal Bank of Canada (RY.TO: ) rebounded to
end 0.8 percent higher at C$52.89, while Suncor Energy (SU.TO: )
also reversed earlier losses to rally 0.5 percent to C$31.95.

Among the heavyweight decliners, Barrick Gold Corp (ABX.TO: )
cut gains to end 0.7 percent lower at C$45.49, while Potash
Corp (POT.TO: ) dropped 2.5 percent to C$98.74.

“The market has been tough lately … on a day when gold
and oil and the U.S. is climbing, I have no idea what’s holding
us back,” said Barry Schwartz, vice president and portfolio
manager at Baskin Financial Services.

“There seems to be a dark cloud hanging over the market and
only a few good up days will make people feel better and change
the mood around.”

Earlier in the day, Fitch Ratings warned that Britain was
facing a formidable fiscal challenge and said its public debt
ratio had climbed more quickly than those of other top-rated
sovereign credits. [ID:nWLA5820]

That partly offset reassuring comments by U.S. Federal
Reserve Chairman Ben Bernanke on Monday that the U.S. economy
will likely avoid a “double-dip” recession and that European
leaders are committed to ensuring the survival of the euro.
[ID:nLDE65705B]

The Toronto Stock Exchange’s S&P/TSX composite index
(.GSPTSE: ) closed 12.44 points, or 0.1 percent, higher at
11,517.18.

The index opened in positive territory, helped in part by
rallying gold shares on the back of record high prices, but
struggled in the red for most of the day. [GOL/]

Stock Market News

($1=$1.05 Canadian)
(Reporting by Claire Sibonney; Editing by Peter Galloway)

CANADA STOCKS-TSX struggles but closes slightly higher