CANADA STOCKS-TSX falls as gold miners, energy stocks weigh

Thu Jul 7, 2016 5:12pm EDT
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(Adds analysts' comments, updates prices to close)

* TSX ends down 96.60 points, or 0.68 percent, at 14,134.46

* Seven of TSX's 10 main groups fall

By Alastair Sharp

TORONTO, July 7 (Reuters) - Canada's main stock index fell on Thursday as gold miners retreated following their sharp rally since Britain's vote to leave the European Union and as a reversal in oil prices weighed on energy companies.

The Toronto Stock Exchange's S&P/TSX composite index ended down 96.60 points, or 0.68 percent, at 14,134.46.

Its energy group fell 1.5 percent, reversing earlier gains, as oil prices fell to two-month lows after a U.S. weekly crude draw that disappointed bullish traders.

"People are cautious, people are taking some profits and waiting to see what happens tomorrow with non-farm payrolls," said Ian Makamoto, director of research at MacDougall, MacDougall & MacTier, referring to U.S. jobs data due on Friday.

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