CANADA STOCKS-TSX dips as resource shares weigh; remains shy of record high

Thu Jan 26, 2017 4:30pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds analyst quotes and background details and updates prices)

* TSX ends down 28.32 points, or 0.18 percent, at 15,615.52

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

By Fergal Smith

TORONTO, Jan 26 (Reuters) - Canada's main stock index fell on Thursday but stayed close to its all-time high as a retreat among materials and energy stocks weighed and investors reacted to a string of earnings reports.

The Toronto Stock Exchange's S&P/TSX composite index closed down 28.32 points, or 0.18 percent, at 15,615.52.

"It's just taking a little bit of a breather," said Sid Mokhtari, market technician and director at CIBC World Markets.

"The price action today is very much reflective of what we have done over the last little while in a very strong move."

The index has advanced more than 2 percent this month after surging 17.5 percent in 2016. On Wednesday, it moved intraday within 11 points of its September 2014 record peak at 15,685.13.   Continued...