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CANADA STOCKS-TSX falls as gold and energy stocks slide

Published 2015-11-27, 11:46 a/m
© Reuters. CANADA STOCKS-TSX falls as gold and energy stocks slide
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* TSX down 53.09 points, or 0.4 percent, to 13,372.10
* Five of the TSX's 10 main groups lower

TORONTO, Nov 27 (Reuters) - Canada's main stock index fell
on Friday, led by weakness in gold stocks after gold fell to a
near six-year low, while energy shares fell after fresh concern
about China helped drive crude oil prices lower.
The materials group fell 2.3 percent, including weakness in
gold stocks as a firm U.S. dollar and a potential Federal
Reserve rate hike next month weighed on gold.
Barrick Gold Corp ABX.TO fell 4.7 percent to C$9.44, while
Goldcorp Inc G.TO was down 3.0 percent at C$15.41.
The energy sector fell 0.7 percent, including a 1.4 percent
drop in Canadian Natural Resources Ltd CNQ.TO to C$32.26,
pressured by a greater than 2 percent drop in U.S. crude oil
prices.
Loblaw Companies Ltd L.TO fell 2.7 percent to C$67.44,
while Valeant Pharmaceuticals International Inc (N:VRX) VRX.TO dropped
1.3 percent to C$116.39.
At 11:10 a.m. EST (1610 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE fell 53.09 points, or 0.4
percent, to 13,372.10, testing the bottom of the range seen this
week.
Of the index's 10 main groups, five were in negative
territory.
Financials dipped 0.1 percent ahead of the release of bank
earnings reports next week.
Helping support the index, Telus Corp T.TO rose 0.5
percent to C$42.01, while Shaw Communications Inc SJRb.TO was
up 1.0 percent at C$27.44.
U.S. crude CLc1 prices were down 2.4 percent to $42.03 a
barrel, while Brent crude LCOc1 lost 1.1 percent to
$44.97. O/R
Gold futures GCc1 fell 1.2 percent to $1,056.70 an ounce.
GOL/
Copper prices CMCU3 declined 1.3 percent to $4,575 a
tonne. MET/L

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