CANADA STOCKS-TSX falls as energy and mining stocks lose ground

Wed Aug 31, 2016 10:51am EDT
 
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(Adds details throughout on stocks and sectors, updates prices)

* TSX down 50.83 points, or 0.35 percent, to 14,634.02

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

TORONTO, Aug 31 (Reuters) - Canada's main stock index fell on Wednesday as lower oil and gold prices weighed on energy and mining stocks.

Still, the index was on course to rise 0.4 percent for the month of August.

The most influential movers on the index included Suncor Energy Inc, which fell 1.9 percent to C$35.73, and TransCanada Corp, which declined 1.2 percent to C$59.14.

U.S. crude prices were down 2.2 percent to $45.34 a barrel, extending losses as data showed a bigger-than-expected increase in U.S. stockpiles.

The energy group retreated 1 percent, while the materials group, which includes precious and base metals miners and fertilizer companies, lost 0.7 percent.

Barrick Gold Corp fell 2.1 percent to C$22.33, pressured by lower gold prices.   Continued...