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CANADA STOCKS-TSX falls as energy, mining stocks weigh

Published 2016-01-11, 10:27 a/m
CANADA STOCKS-TSX falls as energy, mining stocks weigh
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(Adds details, updates prices)
* TSX down 93.84 points, or 0.75 percent, at 12,351.61
* Nine of the TSX's 10 main groups fall

TORONTO, Jan 11 (Reuters) - Canada's main stock index fell
on Monday as resource stocks weighed, with oil and metal prices
down amid worries about China and broad uncertainty about global
demand.
Major oil and gas producers were among the most influential
movers. Canadian Natural Resources CNQ.TO fell 3.6 percent to
C$26.33, and Suncor Energy Inc SU.TO declined 1.5 percent to
C$32.74.
Suncor said on Friday that it had extended its hostile bid
for Canadian Oil Sands Ltd COS.TO until Jan. 27.
The energy group retreated 2.3 percent and is at its weakest
since 2003 as oil prices hover around 12-year lows.
The materials group, which includes precious and base metals
miners and fertilizer companies, lost 1.6 percent as copper
prices hit their lowest since 2009. MET/L First Quantum
Minerals Ltd FM.TO declined 7.1 percent to C$3.94.
At 10:08 a.m. EST (1508 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was down 93.84 points, or 0.75
percent, at 12,351.61.
Of the index's 10 main groups, only utilities were in
positive territory.
Declining issues outnumbered advancers by 182 to 50 for a
3.64-to-1 ratio on the downside, while 26 stocks set 52-week
lows, and only one hit a fresh 52-week high.
U.S. crude CLc1 prices were down 2.0 percent at $32.51 a
barrel, while Brent crude LCOc1 lost 2.4 percent to
$32.76. O/R
Copper prices CMCU3 declined 1.7 percent to $4,407 a
tonne.
Canadian housing starts fell more than expected in December
from a month earlier as construction of multiple units,
typically condominiums, dropped sharply, the national housing
agency said.

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