CANADA STOCKS-TSX lower as resource stocks weigh; Celestica shines

Fri Jan 27, 2017 10:46am EST
 
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(Adds details on specific stocks, updates prices)

* TSX down fell 29.55 points, or 0.19 percent, to 15,585.97

* Seven of TSX's 10 main groups move lower

TORONTO, Jan 27 (Reuters) - Canada's main stock index slipped on Friday as some heavyweight natural resource stocks weighed, while electronics manufacturer Celestica Inc jumped to a 12-year high.

Celestica surged 9.6 percent to C$18.30 after its adjusted earnings beat expectations and it said it would exit the oversupplied solar panel manufacturing market.

The energy group retreated 0.6 percent as oil prices slipped on an increased focus on U.S. production increases that could lessen the impact of an OPEC agreement to reduce supply.

TransCanada Corp fell 0.8 percent to C$63.03 as the country's energy regulator said it would restart from the beginning a hearing into the company's proposed Energy East pipeline.

Fellow pipeline operator Enbridge Inc declined 0.6 percent to C$57.73 after announcing it would pay about $170 million to take private Midcoast Energy Partners LP.

At 10:25 a.m. ET (1525 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 29.55 points, or 0.19 percent, to 15,585.97.   Continued...