(Reuters) - Canada’s main stock index fell on Tuesday, mirroring losses in global equities, after the United States threatened to slap taxes on European goods and fears of a global economic slowdown resurfaced.
* At 9:40 a.m. ET (1340 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 82.56 points, or 0.5 percent, at 16,324.73.
* The International Monetary Fund cut its global economic growth forecasts for 2019 and warned growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union.
* The U.S. on Monday proposed a list of European Union products ranging from large commercial aircraft and parts to dairy products and wine on which to slap tariffs as retaliation for European aircraft subsidies.
* Nine of the index’s 11 major sectors were lower.
* The energy sector dropped 0.6 percent as U.S. crude prices were down 0.3 percent, while Brent crude lost 0.5 percent. [O/R]
* The financials sector slipped 0.9 percent, while the industrials sector fell 0.6 percent.
* On the TSX, 78 issues were higher, while 158 issues declined for a 2.03-to-1 ratio to the downside, with 13.29 million shares traded.
* Top percentage gainers on the TSX were Bausch Health Co, which gained 3.6 percent, followed by Endeavour Mining, which rose 2.7 percent.
* WSP Global Inc fell 3.2 percent, the most on the TSX, followed by shares of Toromont Industries, down 2.7 percent.
* The most heavily traded shares by volume were Crescent Point, Aurora Cannabis and Baytex Energy Co.
* The TSX posted one new 52-week high and no new low.
* Across all Canadian issues there were seven new 52-week highs and two new lows, with total volume of 24.46 million shares.
Reporting by Shreyashi Sanyal in Bengaluru; Editing by Shailesh Kuber