2014.09.0301:01:28UTC+00Canadian stocks steady following record high on commodities drop

Canadian stocks are steady after its record high last August 29, inching down just a bit as crude and gold drag down the good performance of banks.

The Standard & Poor’s/TSX Composite Index shed less than 0.1% or 6.65 points to 15,619.08, 4 pm, Toronto time. The Canadian market is fresh from a Labor Day holiday yesterday.

Detour Gold Corp., Goldcorp Inc., Suncor Energy Inc., Canadian Natural Resources Ltd. all declined, dropping at 5%, and 4.1% respectively for the first two companies and the last two falling at least 1.5%. Canadian banks pared further slumps with Bank of Montreal and the National Bank of Canada rising to all-time highs to lead financial stocks for a second consecutive trading day.