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CANADA STOCKS-TSX slips as industrials offset gains in energy

Published 2017-03-29, 10:21 a/m
CANADA STOCKS-TSX slips as industrials offset gains in energy
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* TSX down 23.82 points, or 0.15 percent, to 15,574.75

* Six of the TSX's 10 main groups were lower

TORONTO, March 29 (Reuters) - Canada's main stock index declined on Wednesday as weakness in the industrial sector helped offset a rise in energy stocks that was supported by higher oil prices.

At 10:01AM EDT (1401 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 23.82 points, or 0.15 percent, at 15,574.75. Of the index's 10 main groups, six were in negative territory.

The energy group rose 0.2 percent. Canadian Natural Resources Ltd CNQ.TO gained 0.3 percent to C$42.95, and Encana Corp ECA.TO advanced 2.3 percent to C$15.24.

U.S. crude CLc1 prices were up 0.4 percent at $48.54 a barrel, while Brent crude LCOc1 added 0.4 percent to $51.54. O/R

The financials group rose 0.1 percent. Bank of Nova Scotia BNS.TO gained 0.3 percent to C$79.27, but Manulife Financial Corp MFC.TO declined 0.5 percent to C$23.56.

Industrials fell 0.4 percent. Canadian National Railway Co CNR.TO gave back 0.6 percent to C$98.23, and Canadian Pacific Railway Ltd CP.TO was down 0.7 percent at C$196.07.

The materials group, which includes precious and base metals miners and fertilizer companies, was unchanged.

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