CANADA STOCKS-TSX falls as banks, miners weigh; Valeant and energy stocks up

Wed Apr 6, 2016 10:27am EDT
 
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(Adds details, updates prices)

* TSX down 43.02 points, or 0.32 percent, to 13,261.64

* Seven of the TSX's 10 main groups fall

TORONTO, April 6 (Reuters) - Canada's main stock index fell on Wednesday as banks and gold miners slipped, although losses were muted by energy stock gains as oil prices rose.

The three most influential weights on the index were banks, with Toronto-Dominion Bank down 1.1 percent to C$54.80, and Bank of Nova Scotia off 0.6 percent to C$61.60.

Royal Bank of Canada declined 0.6 percent to C$73.65. Canada's biggest lender is facing shareholders at its annual meeting in Montreal amid concerns over its oil and gas exposure following an increase in bad loans in the first quarter.

The financials group slipped 0.9 percent, while the materials group, which includes precious and base metals miners and fertilizer companies, lost 1.0 percent.

Goldcorp Inc declined 2.5 percent to C$20.83 as gold fell 1 percent.

At 10:11 a.m. EDT (1411 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 43.02 points, or 0.32 percent, to 13,261.64.   Continued...