CANADA STOCKS-TSX falls to a one-week low as resource stocks weigh

Wed Dec 30, 2015 10:59am EST
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* TSX down 69.94 points, or 0.53 percent, to 13,175.81

* Eight of the TSX's 10 main groups were lower

TORONTO Dec 30 (Reuters) - Canada's main stock index retreated on Wednesday as the slide in crude oil prices weighed on energy stocks, while mining stocks contended with a drop in the price of gold.

The biggest drag on the market was Canadian Natural Resources Ltd which declined 2.1 percent to C$30.48.

Enbridge Inc fell 1.7 percent to C$45.32. The company said on Tuesday it has halted operations on its Ozark pipeline due to flooding along the Mississippi River.

The overall energy group fell 1.9 percent.

U.S. crude prices were down 3.7 percent to $36.46 a barrel, while Brent crude lost 3.2 percent to $36.58.

The materials group fell 1.2 percent, including a 2.8 percent drop in Barrick Gold Corp to C$10.20.

Spot gold fell 0.8 percent. Bullion has lost almost 10 percent of its value this year, largely on concerns that higher U.S. interest rates would hurt demand for the non-yielding asset.   Continued...