CANADA STOCKS-TSX falls, weighed by drop in resource stocks

Thu May 4, 2017 10:51am EDT
 
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(Adds details on specific stocks, updates prices)

* TSX down 71.18 points, or 0.46 percent, at 15,471.96

* Half of the TSX's 10 main groups fall

* Energy stocks down 2.7 pct, materials stocks off 1.8 pct

TORONTO, May 4 (Reuters) - Canada's main stock index fell in morning trading on Thursday as the country's heavyweight energy and mining sectors lost ground amid a drop in commodity prices and as investors digested a string of corporate earnings.

Oil prices fell to the lowest since a November OPEC deal, while gold hit a six-week low and copper extended losses after its biggest one-day drop in 20 months.

Canada's energy group, which accounts for more than a fifth of the index's weight, retreated 2.3 percent.

Its materials sector, another major weight which includes precious and base metals miners and fertilizer companies, lost 1.9 percent.

Canadian Natural Resources, the country's largest independent petroleum producer, fell 3.8 percent to C$41.61 after reporting a first-quarter profit, compared with a loss a year earlier.   Continued...