REFILE-CANADA STOCKS-TSX slides as oil prices weaken
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* TSX falls 0.41 percent to 11,804.38
* Gold producers unable to rise with price of gold
* Market focus shifts to corporate results (Adds detals, updates closing numbers)
TORONTO, Jan 14 (Reuters) - Toronto's main stock index fell on Thursday, hurt by weakening oil prices and by gold producers that failed to find support even though gold prices turned higher.
Miners Goldcorp (G.TO: Quote) and Barrick Gold (ABX.TO: Quote) were among some of the index's top overall decliners, unable to benefit from a move higher in the gold price after the U.S. futures regulator said it would review possible position limits on gold and silver.
Goldcorp sagged 2.44 percent to C$41.51, while Barrick fell 1.36 percent C$41.38.
Oil prices fell for a fourth straight session as weak U.S. economic signals and high inventories spurred fears of a sluggish rebound in demand in the world's largest energy consumer. Also hurting prices was a proposal by the U.S. regulator to limit how many energy contracts hedge funds, investment banks and other speculators can control. [ID:nCFTCREG]
EnCana ECA.TO dropped 1.43 percent to C$35.80, while Nexen NXY.TO lost 3.1 percent to C$23.88.
"Commodities are the ones dragging us down but I don't think it's anything serious. We've had a nice pop from the beginning of the year," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE closed down 49.18 points, or 0.41 percent, at 11,804.38.
The energy group and the mining-heavy materials group are heavyweight sectors of the S&P/TSX composite, making up nearly half of its weighting, and they regularly set the index's direction .
Nakamoto said the index's course in the next several weeks would likely be determined by upcoming waves of earnings reports.
($1=$1.02 Canadian) (Reporting by Ka Yan Ng; editing by Peter Galloway)
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