October 2, 2018 / 2:31 PM / 2 years ago

CANADA STOCKS-TSX falls as financials weigh

Oct 2 (Reuters) - Canada’s main stock index fell on Tuesday in broad-based declines led by bank stocks, which were pressured by turmoil in European markets following an Italian lawmaker’s anti-euro comments.

* The lawmaker, Claudio Borghi, said most of Italy’s problems would be resolved if it readopted a national currency.

* 10 of the index’s 11 major sectors were lower

* The heavy-weight financial sector dropped 0.5 percent. Royal Bank of Canada, Toronto-Dominion Bank and Bank of Nova Scotia led the decline, with their shares falling between 0.5 percent and 0.73 percent.

* The Canadian dollar was little changed against its broadly stronger U.S. counterpart, holding on to most of the gains that followed a deal over the weekend to keep Canada in a revamped NAFTA trade pact.

* Also dragging on the main index was the energy sector’s 0.7 percent drop.

* At 9:52 a.m. ET (1352 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 42.14 points, or 0.26 percent, at 16,062.29.

* The only sector in the positive territory was materials , up 1.5 percent, as gold futures rose 0.3 percent to $1,190.3 an ounce and copper prices advanced 1.5 percent to $6,340.5 a tonne.

* On the TSX, 110 issues were higher, while 131 issues declined for a 1.19-to-1 ratio to the downside, with 36.98 million shares traded.

* The largest percentage gainer on the TSX was Element Fleet Management, which jumped 13.6 percent after it announced a strategic plan on Monday.

* Eldorado Gold, which rose 6.0 percent, was the second-biggest gainer on the main index.

* Cannabis producers Aphria and Aurora Cannabis were the biggest decliners.

* The most heavily traded shares by volume were Aurora Cannabis, Wallbridge Min and Element Fleet.

* The TSX posted one new 52-week highs and six new lows.

* Across all Canadian issues there were seven new 52-week highs and 16 new lows, with total volume of 61.75 million shares. (Reporting by Amy Caren Daniel in Bengaluru)

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