CANADA STOCKS-TSX falls as gold and energy stocks slide

Fri Nov 27, 2015 11:46am EST
 
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* TSX down 53.09 points, or 0.4 percent, to 13,372.10

* Five of the TSX's 10 main groups lower

TORONTO Nov 27 (Reuters) - Canada's main stock index fell on Friday, led by weakness in gold stocks after gold fell to a near six-year low, while energy shares fell after fresh concern about China helped drive crude oil prices lower.

The materials group fell 2.3 percent, including weakness in gold stocks as a firm U.S. dollar and a potential Federal Reserve rate hike next month weighed on gold.

Barrick Gold Corp fell 4.7 percent to C$9.44, while Goldcorp Inc was down 3.0 percent at C$15.41.

The energy sector fell 0.7 percent, including a 1.4 percent drop in Canadian Natural Resources Ltd to C$32.26, pressured by a greater than 2 percent drop in U.S. crude oil prices.

Loblaw Companies Ltd fell 2.7 percent to C$67.44, while Valeant Pharmaceuticals International Inc dropped 1.3 percent to C$116.39.

At 11:10 a.m. EST (1610 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 53.09 points, or 0.4 percent, to 13,372.10, testing the bottom of the range seen this week.

Of the index's 10 main groups, five were in negative territory.   Continued...