CANADA STOCKS-Hard-hit miners, railways push TSX lower

Tue Aug 18, 2015 5:10pm EDT
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(Adds strategist's comment, updates prices to close)

* TSX ends down 57.66 points, or 0.40 percent, at 14,193.87

* Nine of 10 main sectors fall

By Alastair Sharp

TORONTO, Aug 18 (Reuters) - Canada's main stock index fell on Tuesday, its seventh decline in the last nine sessions, with miners and railways leading a broad retreat as copper hit a six-year low and Chinese equities tumbled.

First Quantum Minerals Ltd plunged 9.7 percent to C$7.65 and Teck Resources Ltd shed 8 percent to C$8.39.

"The rally that we saw in late July has pretty much been snuffed out," said Elvis Picardo, a strategist at Global Securities in Vancouver. "And it looks like the TSX is inexorably on track to test the 14,000 support level again."

The Toronto Stock Exchange's S&P/TSX composite index lost 57.66 points, or 0.40 percent, to end at 14,193.87. Nine of its 10 main sectors fell.

Declining issues outnumbered advancers by 147 to 92, for a 1.60-to-1 ratio on the downside, while the index posted three new 52-week highs and 21 new 52-week lows.   Continued...