CANADA STOCKS-TSX falls with pressure on energy, materials, Valeant

Tue Nov 10, 2015 11:40am EST
 
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(Adds portfolio manager quote, updates prices)

* TSX down 126.4 points, or 0.94 percent, to 13,356.22

* Nine of TSX's 10 main groups lower

By Fergal Smith

TORONTO, Nov 10 (Reuters) - Canada's main stock index retreated after weak Chinese inflation data added to concern about the outlook for global growth, putting pressure on energy and materials stocks.

And Valeant Pharmaceuticals Inc fell more than 5 percent after chief executive Mike Pearson said that cutting ties with a controversial specialty pharmacy would hurt Valeant's dermatology business in the short term.

At 11:13 am ET (1613 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 126.4 points, or 0.94 percent, to 13,356.22.

Of the index's 10 main groups, nine were in negative territory.

The energy group retreated 0.9 percent despite a bounce in crude oil.   Continued...