CANADA STOCKS-Goldcorp, SNC-Lavalin slumps push TSX lower

Thu Feb 19, 2015 4:54pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX ends down 32.42 points, or 0.21 percent, at 15,180.33

* Six of 10 main index sectors decline

* SNC-Lavalin dives 7.1 percent on news of corruption charges

* Goldcorp drops 7.9 percent after posting results

By John Tilak

TORONTO, Feb 19 (Reuters) - Canada's main stock index fell on Thursday, hurt by sharp selloffs in Goldcorp Inc and SNC-Lavalin Group Inc.

Goldcorp, the world's biggest gold producer by market value, posted a hefty loss as it took a $2.3 billion impairment charge on a new mine in Argentina, the second multibillion-dollar writedown from a top gold miner in as many days.

The stock tumbled 7.9 percent to C$26.65, dragging the gold-mining sector down 2 percent.

Shares of SNC-Lavalin Group tumbled 7.1 percent to C$40.63 after Canadian police laid corruption charges against the company and some of its units in relation to their operations in Libya.   Continued...