July 11 (Reuters) - Canada's main stock index fell on Wednesday on concerns of a full-scale trade war between the United States and China after President Donald Trump threatened to impose more levies on Chinese goods.
* At 9:42 a.m. ET (13:42 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 91.64 points, or 0.55 percent, at 16,457.08.
* The Bank of Canada raised interest rates and said further gradual rate hikes will be warranted, but warned mounting trade tensions will have a larger impact on investment and exports than previously thought. China accused the U.S. of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods. All of the index's 11 major sectors were in the red, in broad based declines across sectors.
* U.S. crude CLc1 prices were down 1.1 percent and Brent crude LCOc1 lost 2.1 percent.
* Oil prices fell after Libyan ports reopened and President Trump threatened to impose more tariffs on China. O/R
* OPEC forecast world demand for its crude will decline next year as growth in consumption slows and rivals pump more, pointing to a market surplus despite an OPEC-led pact to restrain supplies. The financials sector .SPTTFS slipped 0.3 percent.
* The Canadian dollar weakened against the greenback as U.S.-China trade tensions pressured stocks and commodity prices. The materials sector .GSPTTMT lost 1.3 percent as gold and copper prices fell due to trade war worries. GOL/ MET/L
* On the TSX, 37 issues were higher, while 201 issues declined for a 5.43-to-1 ratio to the downside, with 15.83 million shares traded.
* Top percentage gainers on the TSX were B2Gold Corp BTO.TO , which jumped 2.5 percent and Vermilion Energy VET.TO , which rose 1.7 percent.
* Copper miner First Quantum Minerals FM.TO slipped 5.5 percent, top decliner on the TSX, as copper prices fell followed by diversified miner, Teck Resources' TECKb.TO 4.3 percent decline.
* The most heavily traded shares by volume were Bombardier BBDb.TO , Aurora Cannabis ACB.TO ,and B2Gold Corp.
* The TSX posted four new 52-week highs and two new lows.
* Across all Canadian issues there were 12 new 52-week highs and eight new lows, with total volume of 24.11 million shares.