July 20 (Reuters) - Canada's main stock index declined on Friday on escalating worries over U.S.-China trade war after President Donald Trump threatened to slap tariffs on all $500 billion of goods imported from China.
* At 9:35 a.m. ET (1335 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was down 60.95 points, or 0.37 percent, at 16,482.06.
* The main index was also weighed by a 0.4 percent decline in the financial sector and 0.2 percent drop in the energy group.
* All of the index's 11 major sectors were trading lower.
* Trump is taking a more aggressive, protectionist posture on trade than his recent predecessors, sparking retaliatory measures from countries around the world and igniting disputes on multiple fronts. Economic data showed Canada's annual inflation rate rose to its highest in more than six years last month, while another piece of data showed, Canadian retail trade jumped in May. The rise in Canada's annual inflation rates and May retail sales jump helped push up the Canadian dollar higher against the greenback and stirred talks of another rate hike this year. The Bank of Canada raised interest rates last week for the fourth time since July 2017. The World Trade Organization set up a dispute panel to rule on a U.S. complaint against restrictions in Canada's province of British Columbia on wine sales in grocery stores, a WTO official said. On the TSX, 94 issues were higher, while 139 issues declined for a 1.48-to-1 ratio to the downside, with 7.80 million shares traded.
* Top percentage gainers on the TSX were shares of Paramount Resources POU.TO , which jumped 2.1 percent and First Quantum Minerals FM.TO , which rose 2.0 percent.
* Magna International MG.TO shares fell 1.7 percent and was the top decliner on the TSX, followed by a 1.5 percent decline in Canopy Growth Co WEED.TO .
* The most heavily traded shares by volume were Peregrine Diamond PGD.TO , Bombardier Inc BBDb.TO and Aurora Cannabis ACB.TO .
* The TSX posted no new 52-week highs and two new lows.
* Across all Canadian issues there were three new 52-week highs and two new lows, with total volume of 30.58 million shares.