CANADA STOCKS-TSX falls as gold miners, defensive sectors decline

Mon Nov 14, 2016 11:29am EST
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* TSX falls 27.03 points, or 0.19 percent, to 14,528.38

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

TORONTO Nov 14 (Reuters) - Canada's main stock index fell on Monday as lower gold prices weighed on mining shares, while defensive sectors also declined, offsetting gains for financials as bond yields surged.

The most influential movers on the index included gold companies. Barrick Gold Corp fell 3.4 percent to C$19.38 and Agnico Eagle Mines Ltd declined 3.5 percent to C$55.20.

Spot gold fell nearly 1 percent to a five-month low as the dollar and U.S. Treasury yields strengthened on expectations that U.S. President-elect Donald Trump will boost spending.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 0.9 percent.

Defensive sectors, such as utilities, telecom and consumer staples, which have benefited from a low interest rate environment, also lost ground.

The consumer staples group fell 1.2 percent, with Alimentation Couche Tard Inc down 2.7 percent at C$61.70.

At 10:59 a.m. EDT (1559 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 27.03 points, or 0.19 percent, to 14,528.38.   Continued...