CANADA STOCKS-TSX falls as energy, banking stocks weigh

Tue Aug 2, 2016 11:02am EDT
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(Adds Valeant, Silver Wheaton details, economic data; updates prices)

* TSX down 103.2 points, or 0.71 percent, to 14,479.54

* Eight of the TSX's 10 main groups fall, energy off 2 pct

TORONTO, Aug 2 (Reuters) - Canada's main stock index fell on Tuesday, with energy stocks slumping 2 percent as fears of an oil supply glut haunted investors, while banks also weighed on sentiment.

The most influential drags included major oil and gas producer Suncor Energy Inc, which fell 2.8 percent to C$34.15, and pipeline operator Enbridge Inc, which lost 1.7 percent to C$52.81. Cenovus Energy declined 3.4 percent to C$18.05.

Valeant Pharmaceuticals International Inc shed 6.4 percent to C$27.22, catching up to its U.S.-listed share losses on Monday after pharmacy benefit manager Express Scripts said it would exclude a Valeant treatment from insurance coverage.

Canada's stock market was closed on Monday for a public holiday.

Oil prices were higher on the day but had not made up for all of Monday's losses as record inventories cap optimism.

At 10:32 a.m. EDT (1432 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 103.2 points, or 0.71 percent, to 14,479.54.   Continued...