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CANADA STOCKS-TSX falls as Hudson's Bay sinks, energy stocks weigh

Published 2017-12-06, 10:25 a/m
© Reuters.  CANADA STOCKS-TSX falls as Hudson's Bay sinks, energy stocks weigh
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* TSX up 7.78 points, or 0.05 percent, to 15,923.46

* Seven of the TSX's 10 main groups move higher

* Decliners slightly outnumber advancers overall

TORONTO, Dec 6 (Reuters) - Canada's main stock index turned higher on Wednesday as banks and industrial stocks rose, offsetting a slump in department store operator Hudson's Bay Co HBC.TO after it reported a deeper-than-expected loss. Energy stocks fell with lower oil prices.

* At 10:05 a.m. ET (1505 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 7.78 points, or 0.05 percent, to 15,923.46.

* Seven of its 10 main groups were higher, although decliners slightly outnumbered advancers overall.

* The heavyweight financial group gained 0.2 percent, industrials rose 0.4 percent, and the materials group, which includes precious and base metals miners and fertilizer companies, added 0.2 percent.

* Westjet Airlines Ltd WJA.TO rose 1.0 percent to C$26.65 after announcing a joint venture with Delta Air Lines (NYSE:DAL) DAL.N to boost trans-border flights. It said it expects to nearly double its fleet by 2020 to meet growing passenger traffic. Hudson's Bay Co HBC.TO was down 15 percent to C$10.12, on track for its sharpest one-day fall ever, after the dismal quarterly performance. The owner of the Saks Fifth Avenue luxury retailer said the loss was due to lower traffic, steep discounts and the effects of the hurricanes in Texas, Florida and Puerto Rico. The energy group retreated 0.9 percent, while U.S. crude CLc1 prices fell 1.7 percent to $56.67 a barrel and Brent LCOc1 lost 1.4 percent to $61.97. O/R

* Dollarama Inc DOL.TO fell 7.0 percent to C$142.21 despite the discount store chain's third quarter profit topping estimates, as comparable store sales missed estimates.

* Rogers Communications Inc RCIb.TO rose 1.1 percent to

C$66.12 after reports it is considering the sale of the Blue Jays baseball team and its stake in Cogeco Inc CGO.TO .

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