(Adds details, updates prices)
* TSX down 195.81 points, or 1.51 percent, at 12,814.14
* Eight of the TSX's 10 main groups lower
TORONTO, Jan 4 (Reuters) - Canada's main stock index fell in
morning trade on Monday, weighed down by financial, consumer and
industrial stocks in the first session of 2016 as a slump in
Chinese shares spooked investors.
Twelve of the 13 most influential gainers on the Toronto
Stock Exchange's S&P/TSX composite index .GSPTSE were gold
miners, jumping along with the price of bullion as investors
sought safety amid Mideast tensions and weak manufacturing data
in China.
Barrick Gold Corp ABX.TO rose 6.2 percent to C$10.87 and
Goldcorp Inc G.TO advanced 4.3 percent to C$16.68, while gold
futures GCc1 rose 1.8 percent to $1,079.2 an ounce. GOL/
The overall materials group climbed 1.5 percent, while the
energy group gained 0.8 percent, the only two of 10 main groups
to rise.
China's factory activity contracted for the 10th straight
month in December and at a sharper pace than in November, a
private survey showed.
At 10:08 a.m. EST (1508 GMT), the TSX index was down 195.81
points, or 1.51 percent, at 12,814.14.
Financials retreated 1.9 percent and industrials fell 2.7
percent, while consumer names also weighed.
Bombardier BBDd.TO fell 2.2 percent to C$1.31. The plane
maker said it received a firm order from China Express Airlines
for 10 jets.
Canadian National Railway CNR.TO fell 3.7 percent to
C$74.51.
Convenience store chain Alimentation Couche-Tard ATDb.TO
fell 3.1 percent to C$59.01 and Restaurant Brands International
QSR.TO lost 4.4 percent to C$49.47.
U.S. crude CLc1 prices were up 3.2 percent to $38.21 a
barrel, while Brent crude LCOc1 added 4.0 percent to
$38.77. O/R
Declining issues outnumbered advances by 170 to 69, for a
2.46-to-1 ratio on the downside.