(Adds details throughout, updates prices)
* TSX down 112.43 points, or 0.92 percent, at 12,073.29
* Nine of the TSX's 10 main groups fall; gold miners jump
TORONTO, Feb 11 (Reuters) - Canada's main stock index fell 1
percent on Thursday, hitting a three-week low as a string of
disappointing corporate earnings reports added to broad investor
unease about the global economy.
The most influential weight on the index was Manulife
Financial Corp MFC.TO , which slumped 7.3 percent to C$16.05
after the country's largest insurer missed market estimates for
the fourth quarter and said it would be difficult to achieve its
core earnings target for 2016.
The heavyweight financials group fell 1.9 percent to its
lowest level in more than two years, with Royal Bank of Canada
RY.TO down 1.7 percent to C$65.08 and Toronto-Dominion Bank
TD.TO off 1.7 percent at C$48.86.
Telus Corp T.TO declined 3.4 percent to C$38.49 after the
telecom company reported a fall in quarterly profit, hurt by
increased competition and weaker demand for its wireless
services, which the company blamed in part on broader economic
weakness, particularly in Alberta.
Teck Resources Ltd TCKb.TO , North America's largest
producer of steel-making coal, declined 5.2 percent to C$5.16.
Cost-cutting helped the diversified miner report a surprise
adjusted profit but it also recorded an impairment charge as it
slashed its workforce.
At 10:13 a.m. EST (1513 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was down 112.43 points, or
0.92 percent, at 12,073.29.
It fell as low as 12,005.81 at one point, its weakest level
since Jan. 21.
Investors have been spooked by worries about the global
economy, and were in no mood to buy into companies that produced
positive earnings surprises.
The country's second-largest pipeline company, TransCanada
Corp TRP.TO , barely advanced despite reporting a
better-than-expected quarterly profit and raising its dividend
at a time when most energy companies are scaling back
shareholder payouts.
Nine of the index's 10 main groups were in negative
territory, with five decliners for every two advancers.
The materials group, which includes precious and base metals
miners and fertilizer companies, added 2.1 percent.
Gold miners benefited as the price of bullion jumped nearly
4 percent to its highest in a year as fears about financial
instability, a lower dollar and U.S. Treasury yields persuaded
investors to seek refuge in the precious metal. GOL/
Barrick Gold Corp ABX.TO jumped 6.2 percent to C$17.10 and
Goldcorp Inc G.TO rose 4.4 percent to C$21.20.
Kinross Gold Corp K.TO surged 14.8 percent to C$4.11 after
forecasting record output and lower costs this year.