CANADA STOCKS-TSX slips on U.S. retail sales, commodities
* TSX down 55.75 points at 11,617.09
* Eight of 10 sectors lower (Updates with details, commentary)
By Claire Sibonney
TORONTO, July 14 (Reuters) - Toronto's main stock index drifted lower on Wednesday as commodity prices softened and weak U.S. retail sales data offset better than expected U.S. corporate results.
Data showed a second straight month of declining U.S. retail sales in June, though robust results from technology bellwether Intel Corp (INTC.O: Quote) fed optimism that second-quarter company earnings will impress investors. [.N]
As well, oil eased to below $77 a barrel, falling from a two-week high, after a weekly industry report showed a surprise increase in U.S. crude inventories, pushing down energy stocks 0.8 percent. [O/R]
The materials sector was also 0.5 lower after a rally in gold and copper prices fizzled. [GOL/] [MET/L]