Canadian Stocks Flat Despite Big Bank Profits -- Canadian Commentary

(RTTNews) - Canadian stocks continued to struggle Thursday despite rebounding oil prices and strong earnings big banks.

Talk of a U.S. interest rate hike kept markets in a cautious mood after KC Fed President Esther George said it was time to tighten.

The S&P/TSX Composite Index was up 4 points, or 0.03 percent, to 14,630.72, after yesterday's decline of 140 points.

Metals and health care stocks performed well, but energy and financials were weak.

CIBC (CM.TO) profit surged 47% in the third quarter, boosted by retail banking, while TD Bank (TD.TO) earnings soared on U.S. retail growth.

In corporate news, Goldcorp (G.TO) is under scrutiny in Mexico over its handling of a mine leak. Shares were flat.

Gold stocks were stable after plunging 7% in the previous session.

BlackBerry (BB.TO) has prevailed in a shareholder lawsuit that charged it with fraudulently inflating its stock price. Shares were up 0.7%.

Husky's (HSE.TO) pipeline spill cleanup will be put on hold due to rising water levels in Saskatchewan. Shares fell 2.3%.