Canadian stocks slip, scale back on weekly gain

SAN FRANCISCO (MarketWatch) — Canadian stocks slid Thursday, taking some of the shine off a weekly advance of more than 1%, as miners and banks gave back some of their recent gains. The S&P/TSX Composite Index /quotes/comstock/11t!i:isptx (CA:$ISPTX 13,371, -9.50, -0.07%) was down 9.4 points, or 0.1%, at 13,371.7, led by a 0.6% drop in its diversified metals index. Energy was a bright spot as oil futures ran past $91 a barrel, at two-year highs. The Canadian dollar rose after the government reported gross domestic product edged up 0.2% in October from the prior month, a swing from the prior month’s drop but short of expectations. The Toronto Stock Exchange closes early on Friday and is closed on Dec. 27 and Dec. 28 in observance of the Christmas and Boxing Day holidays.

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