Canada Shares Lower As Gold Struggles

By Yomna Yasser On Jun 26, 2012

Canadian equities continued to slip Tuesday, with the S&P/TSX benchmark (CA:$ISPTX) -0.50% falling 10 points to 11,320.

Losses were supported by a 0.4% drop in the materials sector (XX:TTMT) -1.39% and a 0.5% decline in metals mining equities (XX:TTMN) -1.86% . After making headway Monday gold stocks struggled, with Barrick Gold (CA:ABX) -3.50% sliding 2% and Centerra Gold (CA:CG) +1.78% losing 1.9%.

Among notable movers were NGEx Resources (CA:NG) -3.41% , falling 4%, and on the upside, Caledonia Mining Corp. (CA:CAL) +6.67% added 6.7%.

In currency trading, Canada’s dollar rose on the greenback USDCAD +0.06% , with one U.S. currency purchasing C$1.0275 vs. C$1.0286 Monday.