CANADA STOCKS-TSX hits one-month low as financials retreat

Tue Jan 31, 2017 5:28pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager quotes and background details and updates prices)

* TSX ends down 19.16 points, or 0.12 percent, at 15,385.96

* Index posts its lowest close since Dec. 30

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

By Fergal Smith

TORONTO, Jan 31 (Reuters) - Canada's main stock index fell to a one-month low on Tuesday as heavyweight financial shares declined, but some losses for the index were pared, while gold mining stocks climbed as gold prices benefited from pressure on the U.S. dollar.

The Toronto Stock Exchange's S&P/TSX composite index closed down 19.16 points, or 0.12 percent, at 15,385.96, its lowest close since Dec. 30.

The index fell for the fourth straight day for the first time since Donald Trump's victory in the U.S. presidential election in November.

"The equity market rally was getting a little bit long in the tooth and investors are taking a breather until they get a little bit more clarity on the political backdrop, particularly in the U.S.," said Candice Bangsund, portfolio manager at Fiera Capital.   Continued...