CANADA STOCKS-TSX falls to a one-month low as financials slide

Tue Jan 31, 2017 11:11am EST
 
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(Adds details on stocks and sectors throughout and updates prices)

* TSX down 82.63 points, or 0.54 percent, at 15,322.49

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

TORONTO, Jan 31 (Reuters) - Canada's main stock index fell to a one-month low on Tuesday as heavyweight financial shares lost ground, while gold mining stocks rose as the price of gold benefited from nervous financial markets.

Global stocks were pressured by widespread protests against U.S. President Donald Trump's stringent curbs on travel to the United States.

At 10:51 a.m. ET (1551 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 82.63 points, or 0.54 percent, to 15,322.49. It touched its lowest since Dec. 30 at 15,317.93.

For the month, it was still on track to rise 0.2 percent.

Financials fell 0.9 percent, with Royal Bank of Canada down nearly 1 percent at C$93.14.

The sector has benefited recently from a move higher in bond yields that reduce the value of insurance companies' liabilities and increase net interest margins of banks.   Continued...