(Adds details, comment on marijuana stocks, updates prices to
* TSX ends up 21.24 points, or 0.13 percent, at 16,308.18
* Six of the TSX's 10 main groups move lower
* Index slips 0.25 percent on week
TORONTO, Jan 12 (Reuters) - Canadian lumber companies and
gold miners gained and the country's biggest marijuana producers
fell sharply on Friday, leaving the main Toronto equity index
slightly higher on the day but down for the week.
* The Toronto Stock Exchange's S&P/TSX composite index
ended up 21.24 points, or 0.13 percent, at 16,308.18.
It lost 0.25 percent over the course of the week, after three
weeks of gains.
* The heavyweight materials group, which includes precious
and base metals miners and fertilizer companies, added 1.4
* Among the most influential gainers on the index were two
of the world's largest gold producers, with Barrick Gold Corp
gaining 2.8 percent to C$18.88 and Goldcorp Inc
up 2.6 percent to C$17.89 as gold futures rose 1.3
percent to $1,338.2 an ounce.
* Lumber companies, whose softwood products are the subject
of a trade spat between Canada and the United States, also
advanced, with Canfor Corp up 5.6 percent to C$27.19
and West Fraser Timber Co Ltd rising 5.4 percent to
* Cannabis companies, which have risen sharply as they race
to prepare for Canada's legalization of recreational use,
extended a recent pullback. Aphria Inc fell 112.3
percent to C$18.02 and Canopy Growth Corp was down
13.9 percent to C$32.35.
* An influx of global capital pushed many cannabis producers
to record highs over the last few weeks and investors have since
been booking profits, said PI Financial analyst Jason Zandberg.
"Canada is a very small market on the global scene, yet it is
the only really legitimate place for cannabis companies," he
said. "The weight of capital into the relatively tiny market in
Canada can create waves on both the upside and downside."
* The energy group added 0.3 percent, with Peyto Exploration
and Development Corp adding 4.3 percent to C$13.76
after saying it will cut its 2018 capital budget and dividend
(Reporting by Alastair Sharp and Nichola Saminather; Editing by
Bernadette Baum and Sandra Maler)
First Published: 2018-01-12 00:10:17
Updated 2018-01-12 23:45:31
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