The Toronto stock market was little changed Wednesday amid lower oil prices and positive U.S. economic data.

The S&P/TSX composite index gained 11.01 points to 11,864.62 while the TSX Venture Exchange added 4.49 points to 1,201.5.

The Canadian dollar was up 0.09 of a cent to a 3 1/2-month high of 100.91 cents US.

New York markets were mainly lower as traders looked to U.S. data showing weak pricing pressure and a solid reading on industrial production.

The Dow Jones industrials was 15.37 points lower to 13,156.77, the Nasdaq composite index was up 2.23 points to 3,019.21 and the S&P 500 index dipped 0.41 of a point to 1,403.52.

Inflation remains tame as the consumer price index was unchanged in July for the third time in four months. Economists had expected the CPI to rise 0.2 per cent.

And industrial production climbed 0.6 per cent in July on top of a 0.4 per cent gain in June and better than the 0.5 per cent reading that economists had forecast.

The base metals sector led TSX losses, down 0.3 per cent on top of a three per cent loss on Tuesday as the September copper contract on the Nymex was unchanged at US$3.36 a pound. Metal prices have weakened in the wake of data released over the past few days which showed slowing Chinese export growth and a sharp drop in economic growth in Japan during the second quarter.

First Quantum Minerals (TSX:FM) shed nine cents to C$18.94.

The energy component was off 0.18 per cent as oil prices slipped while demand worries increased amid an unexpected increase in oil supplies in the U.S.

The September contract on the New York Mercantile Exchange lost 40 cents to US$93.03 a barrel after the American Petroleum Institute said crude stockpiles in the U.S. rose some 2.8 million barrels last week. Expectations were for a drop of 1.7 million.

Canadian Natural Resources (TSX:CNQ) was down 10 cents to C$30.56.

The gold sector was flat and bullion prices were slightly higher with the December contract ahead $1.90 to US$1,604.30 an ounce. Kinross Gold (TSX:K) added six cents to C$8.01.