CANADA STOCKS-TSX falls as Cameco sinks, gold miners weigh

Wed Feb 1, 2017 10:55am EST
 
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(Adds details on specific stocks, updates prices)

* TSX down 31.57 points, or 0.21 percent, at 15,354.39

* Nine of the TSX's 10 main groups move lower

* Decliners stocks barely outnumber advancers overall

TORONTO, Feb 1 (Reuters) - Canada's main stock index slipped on Wednesday as nuclear producer Cameco Corp sunk on news of a scrapped contract and gold miners pulled back ahead of a U.S. Federal Reserve interest rate decision.

The move extended a retreat that saw the index notch its lowest close this year on Tuesday, although gains for insurers helped offset the decline.

Cameco fell 11.4 percent to C$14.68 after Tokyo Electric Power, the operator of Japan's wrecked Fukushima nuclear plant, scrapped a uranium supply contract worth about C$1.3 billion.

At 10:44 a.m. ET (1544 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 31.57 points, or 0.21 percent, at 15,354.39.

While nine of its 10 main sectors were lower, decliners were only outnumbering advancers by a 1.3-to-1 ratio overall.   Continued...