* TSX down 37.85 points, or 0.3 percent, to 12,702.42
* Six of the TSX's 10 main groups lower
TORONTO, Feb 25 (Reuters) - Canada's main stock index fell
on Thursday as energy stocks sagged with oil prices, offsetting
a rise in financials stocks following decent bank earnings.
Shares in Canadian Imperial Bank of Commerce CM.TO jumped
2 percent to C$89.22 after the bank beat on profit and raised
its dividend, although, like other lenders that reported this
week, CIBC reported rising bad loans in the oil and gas sector.
Its larger rival Toronto-Dominion Bank TD.TO rose 0.9
percent to C$51.68 as its U.S. presence benefited from a weak
Canadian dollar and wholesale banking profit fell.
The overall financials group gained 0.3 percent, while the
energy group retreated 1.5 percent.
Oil prices were driven lower by persisting oversupply in a
slowing global economy, extending losses after data pointed to
rising stocks at a major refinery. O/R
Canadian Natural Resources CNQ.TO declined 2 percent to
C$26.78, while TransCanada Corp TRP.TO fell 4.1 percent to
C$48.72 and Enbridge Inc ENB.TO lost 2 percent to C$42.32.
At 10:00 a.m. EST (1500 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE fell 37.85 points, or 0.3
percent, to 12,702.42.
Six of the index's 10 main groups were lower, with decliners
outnumbering advancers by 3-to-2.
The materials group, which includes precious and base metals
miners and fertilizer companies, added 0.2 percent.
Kinross Gold Corp K.TO declined 6.9 percent to C$4.04
after announcing a bought deal financing.
But other gold miners were higher as bullion benefited from
a weaker U.S. dollar and interest from investors nervous about
stock market gyrations. GOL/
Barrick Gold Corp ABX.TO added 1 percent to C$18.56.