CANADA STOCKS-TSX ends lower; some energy stocks limit losses

Wed Sep 7, 2016 4:59pm EDT
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(Adds strategist comment, updates prices to close)

* TSX ends down 16.37 points, or 0.11 percent, at 14,796.65

* Eight of the TSX's 10 main groups fall, mostly marginal slips

By Alastair Sharp

TORONTO, Sept 7 (Reuters) - Canada's main stock index slipped on Wednesday as shares in some mining and telecom companies and a convenience store operator weighed, although rising energy stocks limited losses.

The country's central bank warned of risks to growth, hitting the currency but having only a marginal impact on financial stocks, while investors cheered one energy acquisition and pushed another buyer lower.

The Toronto Stock Exchange's S&P/TSX composite index settled down 16.37 points, or 0.11 percent, at 14,796.65. Eight of its 10 main sectors fell, although most were slight losses.

"The index is still extremely resilient," said Elvis Picardo, strategist at Global Securities in Vancouver, adding that corporate earnings were doing just enough to offset bearish economic data as investors continue to seek yield.

Alimentation Couche Tard Inc fell 2.2 percent to C$66.35, after the convenience store operator said it had won approval for its purchase of almost 300 Esso fuel and convenience stores from Imperial Oil Ltd.   Continued...