CANADA STOCKS-TSX falls to 1-week low as commodity prices weigh

Wed Mar 23, 2016 4:59pm EDT
 
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(Adds analyst quotes, details on Bombardier, consumer staples, telecoms and Valeant, updates prices)

* TSX ended down 114.01 points, or 0.8 percent, at 13,379.48.

* Seven of TSX's 10 main groups ended lower

By Fergal Smith

TORONTO, March 23 (Reuters) - Canada's main stock index fell on Wednesday to a one-week low as lower commodity prices pressured energy and mining stocks, while insider trading charges sank the shares of Amaya Inc.

The energy group fell 3.1 percent, while the materials group, which includes precious and base metals miners and fertilizer companies, tumbled 4.6 percent.

Spot gold fell more than 2 percent to a four-week low after hawkish comments by U.S. Federal Reserve officials.

"The capital that had gone into safe havens yesterday has come back out today," said Colin Cieszynski, senior market analyst at CMC Markets Canada.

The most influential shares on the Canadian index included Barrick Gold Corp, which fell 7.2 percent to C$17.54.   Continued...