CANADA STOCKS-TSX down 1 pct, retreat led by resource stocks

Fri Sep 9, 2016 10:58am EDT
 
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(Adds details on stocks and sectors, updates prices)

* TSX down 151.78 points, or 1.03 percent, to 14,651.48

* All of the TSX's 10 main groups fall

TORONTO, Sept 9 (Reuters) - Canada's main stock index slumped 1 percent on Friday in a broad retreat led by sharp losses for resource stocks as oil and gold prices fell, with a North Korean nuclear blast and hawkish talk from a U.S. Federal Reserve official weighing.

Falling stocks were outnumbering advancers by more than 8-to-1, and the index was heading for a 0.7 percent slip on the holiday-shortened week.

One of the most influential movers on the index was Crescent Point Energy Corp, which fell 8.2 percent to C$18.59 after announcing a plan to raise C$650 million by issuing more shares and a C$600 million hike in its capital spending plans.

At 10:50 a.m. EDT (1450 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 151.78 points, or 1.03 percent, to 14,651.48.

The energy group retreated 1.8 percent as oil prices fell more than 2 percent.

Pipeline company Enbridge Inc pulled back 1.8 percent to C$58.04 following days of sharp gains after announcing a major takeover.   Continued...