September 7, 2017 / 3:28 PM / 3 months ago

CANADA STOCKS-TSX little changed, Dollarama surges on results

* TSX up 1.48 points, or 0.01 percent, to 15,061.31

* Six of the TSX’s 10 main groups were up

TORONTO, Sept 7 (Reuters) - Canada’s main stock index was little changed on Thursday as strong gains in consumer discretionary shares helped offset losses in the heavyweight financial and energy sectors.

Manulife Financial Corp slid 1.5 percent to C$23.56, and Sun Life Financial declined 1.1 percent to C$46.31.

The overall financial services sector, which accounts for roughly a third of the index’s weight, fell 0.4 percent.

A 1.5 percent rise in consumer discretionary stocks was led by Dollarama Inc. It added 8.4 percent to C$132.04 after the company posted stronger-than-expected quarterly profits.

Hudson’s Bay Co climbed 5.8 percent to C$12.90, extending Wednesday’s gains after an activist shareholder expressed the belief that a highly qualified third-party buyer had “serious interest” in acquiring the department store operator’s European chain.

At 10:36 a.m. ET (1436 GMT), the Toronto Stock Exchange’s S&P/TSX composite index rose 1.48 points, or 0.01 percent, to 15,061.31.

Of the index’s 10 main groups, six were in positive territory.

The energy group, which accounts for about a fifth of the S&P/TSX’s weighting, retreated 0.6 percent as U.S. crude prices fell 0.4 percent to $48.96 a barrel.

The materials sector, which includes precious and base metals miners as well as fertilizer companies, added 0.7 percent, as gold miners profited from bullion prices that touched a one-year-high following weak U.S. jobs data.

Barrick Gold rose 1.0 percent to C$22.05 while Kinross Gold rallied 3.9 percent to C$5.92.

Advancing issues outnumbered declining ones on the TSX by 144 to 100, for a 1.44-to-1 ratio on the upside. (Reporting by Solarina Ho; Editing by W Simon)

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