CANADA STOCKS-Resource retreat, Valeant subpoena push TSX lower

Thu Oct 15, 2015 10:16am EDT
 
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* TSX down 11.87 points, or 0.09 percent, at 13,863.46

* Seven of the TSX's 10 main groups rise

TORONTO Oct 15 (Reuters) - Canada's main stock index was barely lower on Thursday, as a resource retreat and U.S. subpoena for Valeant Pharmaceuticals International Inc offset gains across much of the rest of the index led by financials and industrial shares.

Valeant fell 9.1 percent to C$208.29 after it said it was subpoenaed by U.S. prosecutors on its pricing, drug distribution and patient assistance programs.

The most influential decliners also included Goldcorp Inc , which fell 1.3 percent to C$19.81, and Barrick Gold Corp , which declined 2.2 percent to C$10.33.

The price of gold retreated from a 3-1/2-month high on gains for the U.S. dollar.

The overall materials group, which includes miners and other non-energy resource stocks, retreated 0.8 percent.

The energy group slipped 0.6 percent, with Suncor Energy Inc down 0.5 percent at C$36.84 and Canadian Natural Resources off 0.4 percent at C$30.90.

U.S. crude prices were down 1.7 percent to $45.84 a barrel, while Brent crude lost 1.0 percent to $48.65.   Continued...