(Adds strategist comment, update prices to close)
* TSX ends down 71.28 points, or 0.51 percent, to 13,791.88
* Six of the TSX's 10 main groups fall
By Alastair Sharp and John Tilak
TORONTO, Oct 29 (Reuters) - Canada's main stock index fell
on Thursday, with sliding commodity prices hurting miners, while
Bombardier Inc BBDb.TO plunged after reporting a massive
quarterly loss and Potash Corp POT.TO fell on trimmed earnings
and sales forecasts.
The losses were offset by gains in the heavyweight energy
sector amid volatile oil market trade. O/R
Bombardier shed 15.5 percent to C$1.36 after the
Montreal-based plane and train maker said the Quebec government
will invest $1 billion in its long-delayed CSeries jet program
and announced a $4.6 billion third-quarter loss. urn:newsml:reuters.com:*:nL3N12T3Z5
The decline came a day after the market jumped following the
U.S. Federal Reserve's decision to hold interest rates steady.
"It was a consolidation day," said Colin Cieszynski, chief
market strategist at CMC Markets. "The Street was basically
digesting the big moves yesterday," he said, adding that
investors are coming around to the reality of an eventual Fed
hike.
The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE ended down 71.28 points, or 0.51 percent, at
13,791.88.
There were 135 declining issues versus 101 gainers.
Goldcorp Inc G.TO lost 10.2 percent to C$17.32 as the
price of gold fell for a second day, reaching its lowest level
in three weeks. GOL/
Potash Corp fell 3 percent to C$27.32 after the world's
biggest fertilizer company by capacity said it was cutting
production as economic pressures weigh on demand for potash, a
crop nutrient. urn:newsml:reuters.com:*:nL3N12T4VV
First Quantum Minerals Ltd FM.TO shed 10.7 percent to
C$6.66.
Copper prices CMCU3 hit a three-week low, hurt by data
pointing to weaker U.S. economic growth. MET/L
On the positive side, Suncor Energy Inc SU.TO gained 3.4
percent to C$38.81 and Cenovus Energy added 2.8 percent to
C$19.78, while the overall energy group rose 0.6 percent.
U.S. crude CLc1 prices were up 1.4 percent to $46.56 a
barrel, while Brent LCOc1 added 0.3 percent to $49.20.
The financial sector slipped 0.4 percent, with insurer
Manulife Financial MFC.TO off 1.5 percent at C$22.23 and Bank
of Montreal BMO.TO slipping 1 percent to C$76.93.