CANADA STOCKS-TSX falls as energy, mining stocks weigh with commodities

Wed Aug 17, 2016 10:30am EDT
 
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(Adds details on stocks and sectors, updates prices)

* TSX down 43.58 points, or 0.3 percent, at 14,659.86

* Seven of the TSX's 10 main groups move lower

TORONTO, Aug 17 (Reuters) - Canada's main stock index fell to its lowest in more than a week on Wednesday as energy stocks pulled back with cheaper oil, and gold miners and other materials stocks also weighed ahead of the release of minutes from the last Federal Reserve meeting.

The energy group retreated 0.9 percent as oil fell for the first time in a week, with investors weighing up how successful potential talks among producers to rein in ballooning oversupply would be.

Major producer Suncor Energy Inc fell 1.1 percent to C$36.19 and pipeline company TransCanada Corp slipped 0.7 percent to C$60.93.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.2 percent.

Gold miners were a particular weight, as bullion prices eased ahead of the Fed minutes, which should add to the debate over the timing and pace of any future Fed rate hikes.

Barrick Gold Corp shed 1.5 percent to C$26.99 and Goldcorp Inc lost 1.8 percent to C$23.74.   Continued...