* TSX down 38.73 points, or 0.29 percent, to 13,425.09
* Six of the TSX's 10 main groups were lower
TORONTO, Dec 3 (Reuters) - Canada's main stock index
retreated on Thursday as some of its biggest bank shares fell
despite reporting profit growth, while railway and pipeline
stocks also weakened, offsetting overall gains for resource
stocks.
Toronto-Dominion Bank TD.TO fell 0.9 percent to C$54.57
and Canadian Imperial Bank of Commerce CM.TO dropped 1.2
percent to C$99.58 after reporting fourth quarter results.
The overall financials group retreated 0.5 percent as
analysts were concerned about industry growth prospects in the
face of slumping oil prices.
Canadian National Railway Co CNR.TO dipped 0.7 percent to
C$77.85, while Canadian Pacific Railway CP.TO was down 1.3
percent at C$188.41.
At 11:08 a.m. EST (1608 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE fell 38.73 points, or 0.29
percent, to 13,425.09, with six of the index's 10 main groups in
negative territory.
Toronto-Dominion Bank on Thursday reported higher quarterly
profit with growth in its domestic retail and capital markets
divisions offsetting concerns about the impact of depressed oil
prices.
Also on Thursday, Canadian Imperial Bank of Commerce posted
a fourth-quarter profit that beat market expectations, helped by
growth in its retail banking and capital markets segments, and
raised its quarterly dividend.
The materials group rose 0.7 percent, led by gold stocks
after additional easing measures from the European Central Bank
helped the price of gold bounce from near six-year lows.
Goldcorp Inc G.TO rose 2.5 percent to C$16.19, while
Barrick Gold Corp ABX.TO was up 2.4 percent at C$10.14.
The energy group firmed 0.2 percent, led by a 1.6 percent
gain for Cenovus Energy Inc CVE.TO to C$19.98.
Enbridge Inc ENB.TO , Canada's largest pipeline company,
fell 0.8 percent to C$46.86, after raising its quarterly
dividend and announcing a five-year strategic plan.
TransCanada Corp TRP.TO , Canada's second largest pipeline
operator, fell 0.5 percent to C$42.48 after it said it raised
its stake in the Bruce nuclear power plant in Ontario to 48.5
percent.
U.S. crude CLc1 prices were up 1.1 percent to $40.36 a
barrel, while Brent crude LCOc1 added 1.8 percent to
$43.26. O/R
($1 = 3.7861 Brazilian reais)