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CANADA STOCKS-TSX falls as energy weighs; gold miners, telcos gain

Published 2016-07-05, 11:08 a/m
© Reuters.  CANADA STOCKS-TSX falls as energy weighs; gold miners, telcos gain
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(Adds details, updates prices)
* TSX down 68.57 points, or 0.48 percent, at 14,190.30
* Two fallers for every gainer

TORONTO, July 5 (Reuters) - Canada's main stock index fell
on Tuesday as energy companies pulled it down with lower oil
prices, with a return of global investor jitters prompting some
gains for yield-paying telecom stocks and gold miners.
At 10:36 a.m. EDT (1436 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was down 68.57 points, or 0.48
percent, at 14,190.30. There were two decliners for every
advancer.
Telecom companies retreated 1.6 percent overall, with the
country's three largest operators among the most influential
gainers as investors sought out relatively stable stocks
offering decent dividend yields.
Telus Corp T.TO gained 1.3 percent to C$42.66, BCE Inc
BCE.TO rose 0.8 percent to C$61.70, and Rogers Communications
Inc RCIb.TO advanced 0.9 percent to C$52.96.
But the index fell as the heavyweight energy group retreated
1.6 percent, with prices for oil down on concerns that demand
could be dented by slower economic growth. O/R
Suncor Energy Inc SU.TO , Canada's largest oil and gas
company, fell 1.4 percent to C$36.18.
The materials group, which includes precious and base metals
miners and fertilizer companies, lost 1.3 percent.
Franco Nevada Corp FNV.TO gained 1.2 percent to C$100.57
and Kinross Gold Corp K.TO added 1.6 percent to C$7.05, even
as bullion slipped off a two-year high.
First Quantum Minerals FM.TO fell 4.9 percent to C$9.39,
Teck Resources TCKb.TO declined 2.5 percent to C$17.30, and
Potash Corp POT.TO lost 2.8 percent to C$21.18.

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