CANADA STOCKS-TSX pulls back from record high as resource shares fall

Wed Feb 22, 2017 11:24am EST
 
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(Adds details throughout on stocks and sectors and updates prices)

* TSX falls 43.87 points, or 0.28 percent, to 15,878.50

* Five of the TSX's 10 main groups rise

TORONTO, Feb 22 (Reuters) - Canada's main stock index fell on Wednesday, pulling back from a record high hit the day before, as lower commodity prices weighed on shares of energy and materials companies and domestic retail sales fell the most in nine months.

At 11:03 a.m. ET (1603 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 43.87 points, or 0.28 percent, to 15,878.50.

Still, the TSX is up 3.9 percent since the start of the year after notching a 17.5 percent gain in 2016.

Some of the biggest drags on the index were its major energy companies, with Canadian Natural Resources Ltd falling 1.3 percent to C$39.34 and Cenovus Energy retreating 2.9 percent to C$18.02.

The overall energy group fell 1.3 percent, pressured by lower oil prices.

U.S. crude prices were down 1.4 percent at $53.57 a barrel as the U.S. dollar <.DXY,> in which payments for crude are made, rose ahead of minutes of the Federal Reserve's latest meeting.   Continued...