(Updates at market close)
By Sudeshna Ghoshal and Fergal Smith
Aug 10 (Reuters) - Canada's main stock index rose to another
record high on Monday as energy stocks jumped, but the move was
limited as Barrick Mining ( B ) missed quarterly profit
estimates and ahead of key U.S. inflation data this week.
The S&P/TSX Composite Index ended up 77.10 points,
or 0.2%, at 36,458.33, eclipsing Friday's record closing high.
* "A lot of what is going to determine the direction for
stocks this week is going to be the U.S. inflation data," said
Angelo Kourkafas, senior global investment strategist at Edward
Jones Investments.
* U.S. Consumer Price Index data for July is due on
Wednesday which could offer clues on the Federal Reserve's
monetary policy path.
* Energy gained 3.7% as the price of oil
settled 5.05% higher at $82.13 a barrel after Iran and the
United States traded demands for compensation, dimming prospects
for a deal to reopen the Strait of Hormuz.
* Technology was another standout, adding 1.1%.
* Barrick Mining ( B ) reported second-quarter profit
below estimates as higher costs at its gold operations offset
rising bullion prices, and struck a $1.95 billion deal with
Newmont to settle disputes over Nevada Gold Mines.
* Shares of Barrick were down 6.4%, while the materials
group, which includes metal mining shares, ended
nearly unchanged.
* The price of gold rose 1.1% as bullish momentum and
fear of missing out propelled prices forward.
* Industrials lost 0.9%, while the utilities
sector, which includes many high-dividend paying
stocks, ended 1.6% lower as bond yields climbed.
* The Canadian 10-year yield rose 7.5 basis
points to 3.718%, its highest level since May 19.