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CANADA STOCKS-TSX set for biggest weekly decline since Feb selloff

Published 2018-10-26, 10:23 a/m
© Reuters.  CANADA STOCKS-TSX set for biggest weekly decline since Feb selloff
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Oct 26 (Reuters) - Canada's main stock index dipped on Friday, mirroring a slump in global stocks as anxiety over corporate profits added to fears about global trade and economic growth.

* At 9:36 a.m. ET (13:36 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 57.67 points, or 0.39 percent, at 14,866.41. The main index was on track for its biggest weekly decline since market rout in early February.

* TSX stocks pared losses slightly after Canadian ambassador to Washington said he thinks Canada and the United States will resolve metals tariffs issue "sooner rather than later". World stocks were set to post their worst weekly losing streak in more than five years. GLOB/

* Losses on the TSX were led by a 0.9 percent drop in the energy sector .SPTTEN as U.S. crude CLc1 prices were down 1.0 percent a barrel, while Brent crude LCOc1 lost 0.9 percent. O/R

* The financial sector .SPTTFS slipped 0.3 percent and the industrial sector .GSPTTIN fell 0.7 percent.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.1 percent.

* Spot gold XAU= rose 0.3 percent to $1,235.24 an ounce. GOL/ MET/L

* The largest percentage gainer on the TSX was Aecon Group ARE.TO , which jumped 5.5 percent after the construction company beat estimates for third-quarter earnings. New Gold Inc NGD.TO rose 4.8 percent.

* Packaging company Winpak Ltd WPK.TO fell 5.8 percent, the most on the TSX, after quarterly results. The second-biggest decliner was Aphria Inc APH.TO , down 5.4 percent.

* The most heavily traded shares by volume were Aurora Cannabis ACB.TO , Royal Nickel RNX.TO and Star Diamond Corp DIAM.TO .

* On the TSX, 75 issues were higher, while 165 issues declined for a 2.20-to-1 ratio to the downside, with 14.19 million shares traded.

* The TSX posted no new 52-week highs and 18 new lows.

* Across all Canadian issues there were two new 52-week highs and 84 new lows, with total volume of 21.96 million shares.

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