All Quiet On Bay Street, TSX Inches Higher -- Canadian Commentary

(RTTNews) - Canadian stocks were little changed for a second consecutive session, leaving Toronto's main index near its highest in five years.

The benchmark S&P/TSX Composite index was up 2.98 points at 14,302.06

Mining stocks were hit hard on falling commodity prices, but gains among the big banks kept the main index in the green.

Royal Bank of Canada (RY) was little changed dispute an unfavorable ruling from a US court.

Husky Energy (HSE.TO) was also flat after opening higher following the company stating in a regulatory finding that reserves and production grew in 2013.

Shares of Canadian National Railway Co. (CNR.T) and Canadian Pacific Railway (CP) were up fractionally.

On Friday, the Canadian government announced new regulations that would punish the railroads for not shipping more grain.

Barrick Gold Corp. (ABX.TO) is selling part of its holdings in African Barrick Gold plc. The stock dropped 0.8 percent.

COM DEV International Ltd. (CDV.TO) shares were up 2.3 percent depsite a drop in the company's earnings as well as revenue for the first quarter.