CANADA STOCKS-TSX slips modestly in post-rally consolidation

Tue Apr 14, 2015 11:15am EDT
 
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* TSX falls 31.52 points, or 0.2 percent, to 15,352.07

* Nine of the 10 main sectors are lower

By Solarina Ho

TORONTO, April 14 (Reuters) - Canada's main stock index fell broadly on Tuesday as investors took profits on Tuesday after touching a seventh-month intraday high in the previous session.

The TSX ended a seven-day win streak on Monday, after touching 15,446.45 at one point during the session, its highest level since around mid-September.

"The markets ... continue to consolidate the recent rally," said Fergal Smith, managing market strategist at Action Economics. "The energy sector has been a positive driver, and that's helped by the firming (U.S.) crude oil above $52 a barrel."

Energy stocks, supported by higher crude prices, tempered losses, climbing 1 percent, with the top 11 most influential gainers all oil and gas companies. Encana Corp rose 1.2 percent to C$14.73, while Arc Resources Ltd climbed 2.5 percent to C$23.66.

At 10:52 a.m. EDT (1452 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 31.52 points, or 0.2 percent, to 15,352.07.

Among the index's 10 main sectors, only energy was trading higher. Overall, advancing issues outnumbered declining ones by 122 to 117, for a 1.04-to-1 ratio on the upside.   Continued...