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CANADA STOCKS-TSX slips as energy stocks pull back

Published 2015-10-13, 10:19 a/m
© Reuters.  CANADA STOCKS-TSX slips as energy stocks pull back
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* TSX down 73.92 points, or 0.53 percent, at 13,890.44
* Six of the TSX's 10 main groups fall

TORONTO, Oct 13 (Reuters) - Canada's main stock index pulled
back on Tuesday, with energy stocks stung by a drop in oil
prices and investor sentiment hurt by weak trade data out of
China.
Chinese imports plunged 20 percent in September, casting
doubt on the strength of domestic demand in the world's second
largest economy, while oil fell after the West's energy watchdog
forecast a global supply glut would last through 2016.
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The most influential decliners on the index included
Canadian Natural Resources Ltd CNQ.TO , which fell 3.3 percent
to C$31.00, and Suncor Energy Inc SU.TO , which declined 0.6
percent to C$36.47.
The overall energy group retreated 2.6 percent.
The materials group fell 2 percent, with First Quantum
Minerals Ltd FM.TO down 8.5 percent to C$7.90 and Teck
Resources Ltd TCKb.TO declining 8.8 percent to C$8.78.
Prices for copper and gold also slipped. MET/L GOL/
At 9:47 a.m. ET (1347 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was down 73.92 points, or 0.53
percent, at 13,890.44.
It had broken above 14,000 for the first time since
mid-August on Friday, and was closed for a public holiday on
Monday.
Six of the index's 10 main groups were in negative
territory, with two declining stocks for every gainer.
The country's two main railway companies also weighed, with
Canadian National Railway CNR.TO off 1.6 percent to C$79.14
and Canadian Pacific Railway CP.TO down 2.5 percent at
C$198.70.
On the positive side, a mix of consumer names and telecom
stocks moved higher. Convenience store operator Alimentation
Couche-Tard ATDb.TO added 2.2 percent to C$61.19 and telecom
company Telus Corp T.TO gained 1.3 percent to C$43.11.

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