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CANADA STOCKS-TSX falls as financials weigh

Published 2018-10-02, 10:27 a/m
© Reuters.  CANADA STOCKS-TSX falls as financials weigh
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Oct 2 (Reuters) - Canada's main stock index fell on Tuesday in broad-based declines led by bank stocks, which were pressured by turmoil in European markets following an Italian lawmaker's anti-euro comments.

* The lawmaker, Claudio Borghi, said most of Italy's problems would be resolved if it readopted a national currency.

* 10 of the index's 11 major sectors were lower

* The heavy-weight financial sector .SPTTFS dropped 0.5 percent. Royal Bank of Canada RY.TO , Toronto-Dominion Bank TD.TO and Bank of Nova Scotia BNS.TO led the decline, with their shares falling between 0.5 percent and 0.73 percent.

* The Canadian dollar was little changed against its broadly stronger U.S. counterpart, holding on to most of the gains that followed a deal over the weekend to keep Canada in a revamped NAFTA trade pact. Also dragging on the main index was the energy sector's .SPTTEN 0.7 percent drop. O/R

* At 9:52 a.m. ET (1352 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 42.14 points, or 0.26 percent, at 16,062.29.

* The only sector in the positive territory was materials .GSPTTMT , up 1.5 percent, as gold futures GCc1 rose 0.3 percent to $1,190.3 an ounce and copper prices CMCU3 advanced 1.5 percent to $6,340.5 a tonne. GOL/ MET/L

* On the TSX, 110 issues were higher, while 131 issues declined for a 1.19-to-1 ratio to the downside, with 36.98 million shares traded.

* The largest percentage gainer on the TSX was Element Fleet Management EFN.TO , which jumped 13.6 percent after it announced a strategic plan on Monday.

* Eldorado Gold ELD.TO , which rose 6.0 percent, was the second-biggest gainer on the main index.

* Cannabis producers Aphria APH.TO and Aurora Cannabis ACB.TO were the biggest decliners.

* The most heavily traded shares by volume were Aurora Cannabis ACB.TO , Wallbridge Min WM.TO and Element Fleet.

* The TSX posted one new 52-week highs and six new lows.

* Across all Canadian issues there were seven new 52-week highs and 16 new lows, with total volume of 61.75 million shares.

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