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CANADA STOCKS-TSX falls as energy, mining stocks weigh

Published 2016-03-28, 10:22 a/m
© Reuters.  CANADA STOCKS-TSX falls as energy, mining stocks weigh
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(Updates prices)
* TSX falls 58.72 points, or 0.44 percent, to 13,299.39
* Six of the TSX's 10 main groups retreat

TORONTO, March 28 (Reuters) - Canada's main stock index fell
on Monday, as energy and mining stocks pulled back with oil
prices slightly lower, while consumer names made some gains.
The most influential weights on the index included Canadian
Natural Resources CNQ.TO , which fell 1.9 percent to C$34.54,
and Canadian National Railway CNR.TO , which lost 1.2 percent
to C$79.53.
The energy group retreated 1.2 percent, while industrials
fell 0.6 percent.
The materials group, which includes precious and base metals
miners and fertilizer companies, lost 1.5 percent.
Potash Corp POT.TO declined 1.9 percent to C$22.20 and
Goldcorp Inc G.TO shed 2.1 percent to C$20.48.
At 9:56 a.m. EDT (1356 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE fell 58.72 points, or 0.44
percent, to 13,299.39.
Six of the index's 10 main groups were in negative
territory, with decliners outnumbering advancers by 1.8-to-1.
On the positive side, the most influential gainers included
insurer Sun Life Financial Inc SLF.TO , which rose 0.7 percent
to C$41.78, and National Bank of Canada NA.TO , which advanced
0.8 percent to C$41.89.
The consumer discretionary sector gained 0.5 percent, with
discount chain Dollarama Inc DOL.TO up 1.1 percent at
C$80.31, fast food chain Restaurant Brands International
QSR.TO adding 1.1 percent to C$41.93, and retailer Canadian
Tire Corp CTCa.TO rising 1 percent to C$133.48.
European markets are closed for the Easter Monday holiday.
The country's finance minister said on Sunday that the
federal budget will be balanced in "about" five years, after the
government unveiled a 2016-17 budget with a deficit nearly three
times larger than initially promised.

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