(Adds portfolio manager comment, updates prices to close)
* TSX ends down 46.36 points, or 0.33 percent, at 13,828.97
* Valeant falls 5.4 pct after subpoena by U.S. prosecutors
By Alastair Sharp
TORONTO, Oct 15 (Reuters) - Canada's main stock index
slipped on Thursday, as a pullback among energy stocks and a
U.S. subpoena for Valeant Pharmaceuticals International Inc (N:VRX)
VRX.TO VRX.N weighed.
Valeant fell 5.4 percent to C$216.73 after it said it was
subpoenaed by U.S. prosecutors on its pricing, drug distribution
and patient assistance programs. urn:newsml:reuters.com:*:nL3N12F3PM
The energy group slipped 0.6 percent, with oil falling for a
fourth straight day as a U.S. crude buildup supported oversupply
concerns. O/R
The most influential decliners included Canadian Natural
Resources CNQ.TO , which fell 1.2 percent to C$30.65, and
Suncor Energy Inc SU.TO , down 0.7 percent at C$36.75.
"Canada is underperforming the U.S. today, likely due to a
pullback in resources, which have been having a strong month so
far in October," said Youssef Zohny, portfolio manager at
StennerZohny Investment Partners+ of Richardson GMP Ltd.
The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE ended down 46.36 points, or 0.33 percent, at
13,828.97.
It had risen steadily this month to above 14,000 by late
last week, largely driven by renewed buying interest in the
beaten-down energy sector.
"We've had a nice relief rally but definitely the risks are
to the downside," Zohny said, citing Canada's exposure to a
global economy showing signs of slowdown.
Advancing issues just outnumbered decliners, by 122 to 119,
with most sectors posting only moderate gains or losses overall.
Several heavyweight financial stocks added to the downward
move, with Toronto-Dominion Bank TD.TO off 0.4 percent to
C$52.17 and Manulife Financial Corp MFC.TO down 0.9 percent at
C$21.08.