CANADA STOCKS-TSX falls, weighed by railroad, energy, financial shares

Mon Nov 28, 2016 11:12am EST
 
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* TSX down 27.2 points, or 0.18 percent, at 15,048.24

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

TORONTO Nov 28 (Reuters) - Canada's main stock index fell on Monday as railroad, energy and financial names lost ground, offsetting gains for the materials group as base and precious metals prices rose.

At 10:53 a.m. EST (1553 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 27.2 points, or 0.18 percent, to 15,048.24.

Last week, the index advanced 1.4 percent, extending its rally since the U.S. election.

The most influential movers on the index included railroad stocks, with Canadian National Railway Co falling 0.9 percent to C$89.37, and Canadian Pacific Railway Ltd declining 1.3 percent to C$199.33.

The energy group fell 0.5 percent amid volatility in crude oil ahead of a meeting this week of major oil producers.

U.S. crude prices were up 2.1 percent at $47.03 a barrel, recouping earlier losses as the market reacted to the shaky prospect of the Organization of the Petroleum Exporting Countries being able to agree output cuts at a meeting on Wednesday.

Financials fell 0.3 percent as bond yields declined and investors awaited fourth-quarter results this week from some of Canada's major banks.   Continued...