CANADA STOCKS-TSX falls as deal news pressures Cenovus, CIBC
(Adds details on sectors and stocks throughout and updates prices)
* TSX falls 37.67 points, or 0.24 percent, to 15,619.96
* Seven of the TSX's 10 main groups fall
TORONTO, March 30 (Reuters) - Canada's main stock index pulled back from a one-month high on Thursday as deal-related news pressured shares of Cenovus Energy Inc and Canadian Imperial Bank of Commerce.
Cenovus shares tumbled 11.8 percent to C$15.39 after the Canadian company agreed to buy oil sands and natural gas assets from ConocoPhillips for C$17.7 billion.
The overall energy group was down 1.2 percent even as oil prices rose. U.S. crude was up 1.8 percent at $50.41 a barrel.
Shares of CIBC fell 2.1 percent to C$114.79 after it raised its offer for PrivateBancorp Inc ahead of a June deadline. CIBC said it offered about $4.9 billion in cash and stock, up from the earlier $3.8 billion offer.
Toronto-Dominion Bank's chief executive officer told shareholders at the bank's annual meeting that it does not have a "widespread problem" with its sales practices, responding to a report staffers were pressured to meet targets.
Its shares rose 0.4 percent to C$66.37, while the overall financials group was little changed. Continued...