CANADA STOCKS-TSX retreats from record high as commodity prices fall

Fri Feb 17, 2017 11:28am EST
 
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(New throughout, updates prices and market activity, adds details on stocks and sectors)

* TSX falls 27.11 points, or 0.17 percent, to 15,837.06

* Six of the TSX's 10 main groups retreat

TORONTO, Feb 17 (Reuters) - Canada's main stock index fell on Friday, heading for its first decline in nine days as it pulled back from the previous day's record high, pressured by losses for resource shares as oil and copper prices fell.

Losses for the Toronto Stock Exchange's S&P/TSX composite index came as concerns over the French election and weak data in Britain weighed on global stocks, while investors looked for clarity on U.S. President Donald Trump's policies on tax and trade.

Fairfax Financial Holdings Ltd fell more than 3 percent to C$611.00. On Thursday, the company reported a 27.5 percent slump in revenue, weighed down by losses from cuts to equity hedges following the U.S. presidential election.

Shares of Enbridge Inc fell nearly 1 percent to C$54.90. Canada's largest pipeline company, reported a smaller-than-expected quarterly profit as expenses jumped and the company said its deal to buy Spectra Energy Corp was on track to close this quarter.

The overall financials group dipped 0.1 percent as bond yields fell and the energy group lost 0.4 percent, pressured by lower oil prices.

U.S. crude prices were down 0.8 percent to $52.94 a barrel as investor concerns about growing global stocks weighed.   Continued...