CANADA STOCKS-TSX falls as gold miners pull back after rally

Thu Jul 7, 2016 10:45am EDT
 
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(Adds details on gold sector, energy deal, economic data; updates prices)

* TSX falls 39.75 points, or 0.28 percent, at 14,191.31

* Half of TSX's 10 main groups fall

TORONTO, July 7 (Reuters) - Canada's main stock index slipped on Thursday as gold miners retreated following their sharp rally since Britain's vote to leave the European Union.

Gains in shares of energy companies and financials helped limit the fall, although oil price gains came with warnings about oversupply, and global growth concerns linger.

At 10:37 a.m. EDT (1437 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 39.75 points, or 0.28 percent, at 14,191.31.

Weighing on the index were its hefty gold mining group, which pulled back following a steady rise since the Brexit vote sideswiped financial markets in late June.

The most influential weights included two of the world's largest producers, with Barrick Gold Corp down 4.1 percent to C$28.81 and Goldcorp Inc off 2.4 percent at C$25.46.

The S&P/TSX Global Gold sub-index had rallied more than 20 percent since the vote, as investors rushing to buy bullion amid economic uncertainty pushed the metal to a two-year high.   Continued...