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CANADA STOCKS-TSX falls; weak oil, U.S. data weigh on sentiment

Published 2015-11-13, 05:34 p/m
© Reuters.  CANADA STOCKS-TSX falls; weak oil, U.S. data weigh on sentiment
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(Updates for prices)
* TSX fell 51.76 points, or 0.39 percent, to 13,075.42
* Six of the TSX's 10 main groups were lower

By Fergal Smith
TORONTO, Nov 13 (Reuters) - Canada's main stock index
extended this week's losses, recording its lowest close in more
than six-weeks, as a new 2 1/2-month low for crude oil and
softer-than-expected U.S. retail sales data weighed on investor
sentiment.
The most influential movers on the index were Royal Bank of
Canada, which fell 1.4 percent to C$73.94, and Toronto-Dominion
Bank, which declined 1.2 percent to C$53.37, while the overall
financials group tumbled 1.4 percent.
The overall consumer discretionary group retreated 1.3
percent, while telecoms fell 1.1 percent, including a 1.5
percent drop for Telus Corp.
"It's mainly driven by what's going on in the U.S. I mean
U.S. retail sales were disappointing," said Ian Nakamoto,
director of research at MacDougall, MacDougall & MacTier.
U.S. retail sales rose less than expected in October amid a
surprise decline in automobile purchases, suggesting a slowdown
in consumer spending. urn:newsml:reuters.com:*:nL1N13810K
At the close, the Toronto Stock Exchange's S&P/TSX composite
index .GSPTSE fell 51.76 points, or 0.39 percent, to
13,075.42, leaving it 3.5 percent lower for the week.
Of the index's 10 main groups six were in negative
territory, while declining issues outnumbered advancing ones on
the TSX by 122 to 114, for a 1.07-to-1 ratio on the downside.
Ontario power distributor Hydro One Ltd H.TO , whose shares
made their debut on the Toronto Stock Exchange last week, fell
0.6 percent after reporting an 11 percent rise in third-quarter
profit. urn:newsml:reuters.com:*:nL3N1384IH
The energy group rebounded 0.9 percent despite further
pressure on crude oil, including a 7.4 percent gain for Encana
Corporation ECA.TO .
The materials group rebounded 0.7 percent, including a 1.9
percent gain for Goldcorp Inc G.TO .
Valeant Pharmaceuticals International Inc (N:VRX) rebounded 2.4
percent to C$100.53. The stock has slumped from well above C$300
in September amid sharp scrutiny of its business practices.
U.S. crude CLc1 prices settled at $40.74 a barrel, down
2.4 percent, while Brent crude LCOc1 lost 1.0 percent to
$43.6. O/R
Gold futures GCc1 unchanged at $1,081.3 an ounce. GOL/

Copper prices CMCU3 were unchanged at $4,824.85 a tonne.
MET/L

(Editing by Nick Zieminski)

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