CANADA STOCKS-TSX weakens as resource shares stumble

Tue Feb 10, 2015 10:41am EST
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* TSX down 68.21 points, or 0.45 percent, at 15,032.49

* Eight of 10 main index sectors advance

* Gold-mining shares slip with bullion price

By John Tilak

TORONTO, Feb 10 (Reuters) - Canada's main stock index declined on Tuesday as shares of energy and mining companies slipped with commodity prices, pausing after a recent rally.

U.S. crude prices dropped nearly 3 percent, easing after a near-10 percent gain in the previous three sessions. Shares of energy producers shed 3.2 percent.

The International Energy Agency predicted more pressure on oil prices, saying that supplies remained elevated and inventories could approach record highs.

The weakness offset hopes that Greek debt negotiations might result in a deal as Greece's finance minister, Yanis Varoufakis, headed to a Eurogroup finance ministers meeting.

Despite Tuesday's decline, the benchmark TSX is up 2.5 percent so far this month.   Continued...