CANADA STOCKS-TSX falls in broad retreat; energy, mining stocks gain

Mon Sep 26, 2016 10:30am EDT
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* TSX down 52.31 points, or 0.36 percent, to 14,645.62

* Eight of the TSX's 10 main groups fall

TORONTO, Sept 26 (Reuters) - Canada's main stock index fell on Monday as heavyweight financial stocks led a broad move lower, with only slight gains from weighty natural resource groups offsetting the losses.

Investors globally are focusing on how Republican Donald Trump would fare in a U.S. presidential debate against Democrat Hillary Clinton, which could rank as one of the most watched and highly anticipated political showdowns in U.S. history.

At 10:19 a.m. EDT (1419 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 52.31 points, or 0.36 percent, to 14,645.62. There were two decliners for every gainer.

The most influential weights included Royal Bank of Canada , which fell 0.8 percent to C$80.72, and Toronto-Dominion Bank, down 0.6 percent to C$57.80. The financials group slipped 0.8 percent.

The energy group was barely higher despite rallying oil prices as the world's largest producers gathered in Algeria to discuss ways to support the market.

TransCanada Corp fell 0.7 percent to C$62.53. One of its units, Columbia Pipeline Group, offered to buy Columbia Pipeline Partners LP for about $848 million in cash.

The materials group, which includes precious and base metals miners and fertilizer companies, added 0.4 percent.   Continued...