CANADA STOCKS-TSX falls, losses muted by gains for gold miners, Valeant

Tue Apr 5, 2016 4:44pm EDT
 
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(Adds strategist comment, details, updates prices to close)

* TSX ends down 31.49 points, or 0.24 percent, at 13,304.66

* Eight of the TSX's 10 main groups fall

By Alastair Sharp

TORONTO, April 5 (Reuters) - Canada's main stock index lost ground on Tuesday as financial stocks weighed after the country's trade deficit unexpectedly jumped and exports slumped, while energy companies pulled back as oil prices lifted off a one-month low.

Consumer staples also put pressure on the index, with convenience store operator Alimentation Couche-Tard Inc down 2 percent at C$56.69 and supermarket company Loblaw Cos Ltd off 2.4 percent at C$70.99.

Still, the Toronto Stock Exchange's S&P/TSX composite index's losses were less pronounced than declines on Wall Street, where investors pocketed gains from a recent rally ahead of an expected drop in quarterly earnings.

"The TSX is holding up better than U.S. indices today, as gains by Valeant Pharma and gold producers are offsetting declines in energy and financial stocks," said Elvis Picardo, strategist at Global Securities.

The TSX index ended down 31.49 points, or 0.24 percent, at 13,304.66, with eight of its 10 main groups in negative territory.   Continued...