August 10, 2017 / 2:54 PM / in 2 months

CANADA STOCKS-TSX slides as investors flee riskier assets; gold gains

* TSX down 70.95 points, or 0.47 percent, to 15,146.38

* Nine of the TSX’s 10 main groups down; materials up 0.6 pct

* Quarterly company results shine

TORONTO, Aug 10 (Reuters) - Canada’s main stock index fell on Thursday despite a slew of better-than-expected quarterly results, as investors sought refuge in safe-haven assets amid rising tensions between the United States and North Korea.

The influential financial stocks were among the biggest drags on the index, with Royal Bank of Canada down 1.0 percent to C$93.36, and Manulife Financial Corp falling 2.8 percent to C$24.93. Shares of Manulife, which reported better-than-expected results, fell after the company played down talk of a John Hancock spin-off.

The overall financials group, which accounts for roughly a third of the index slipped 0.9 percent.

At 10:34 a.m. ET (1434 GMT), the Toronto Stock Exchange’s S&P/TSX composite index fell 70.95 points, or 0.47 percent, to 15,146.38.

Materials, home to gold producers and other resource-based companies, was the only gainer among the index’s 10 main sectors and was up 0.6 percent.

Barrick Gold Corp rose 2.1 percent to C$21.7, while Goldcorp Inc rose 0.9 percent to C$16.29. Pan American Silver Corp, which reported second quarter results, rallied 11.8 percent to C$22.69.

The price of gold, a safe-haven asset, hit its highest levels in two months as North Korea and the United States exchanged more threats, with North Korea outlining detailed plans for a missile strike near the Pacific territory of Guam.

Nevsun Resources Ltd offset some of the material group’s gains, plunging 18.4 percent to C$2.685 after the company reported disappointing quarterly results.

In other corporate results, a number of companies reported forecast-beating numbers. TMX Group Ltd was up 3.5 percent to C$68.23, while Quebecor Inc added 2.9 percent to C$44.60.

Canadian Tire Corp Ltd rose 3.4 percent to C$146.65. Canada Goose Holdings Inc fell 3.6 percent to C$23.16, but the luxury down-coat maker initially jumped more than 7 percent after reporting smaller-than-expected quarterly loss.

Declining issues outnumbered advancing ones on the TSX by 164 to 80, for a 2.05-to-1 ratio on the downside. (Reporting by Solarina Ho; Editing by Nick Zieminski)

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