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TSX falls as energy, financial shares drop

Published 2019-07-08, 10:14 a/m
© Reuters.  TSX falls as energy, financial shares drop
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July 8 (Reuters) - Canada's main stock index fell on Monday as shares of energy and financial companies dropped.

* At 9:41 a.m. ET (1341 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 68.54 points, or 0.41%, at 16,473.45.

* All of the index's 11 major sectors were lower.

* The energy sector .SPTTEN dropped 0.7%, financials .SPTTFS slipped 0.4%.

* Canadian equities also tracked losses in global stocks, which fell on tempered expectations the U.S. Federal Reserve will deliver a large rate cut. MKTS/GLOB

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, lost 0.5%. GOL/ MET/L

* Investors are also looking ahead for a key interest rate announcement by the Bank of Canada on Wednesday, where the central bank is widely expected to keep rates on hold at least through this year. On the TSX, 45 issues were higher, while 182 issues declined for a 4.04-to-1 ratio to the downside, with 11.85 million shares traded.

* CannTrust Holdings Inc TRST.TO fell 15.8%, the most on the TSX, after Health Canada found the cannabis producer's greenhouse facility in Ontario to be non-compliant with some regulations. The largest percentage gainers on the TSX were shares of Endeavour Mining Corp EDV.TO , which jumped 1.8%, followed by those of Shopify Inc SHOP.TO , which rose 1.4%.

* The most heavily traded shares by volume were Canntrust Holdings, Baytex Energy Co BTE.TO and Barrick Gold.

* The TSX posted two new 52-week highs and one new low.

* Across all Canadian issues there were eight new 52-week highs and four new lows, with total volume of 19.98 million shares.

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