October 26, 2018 / 2:27 PM / a year ago

CANADA STOCKS-TSX set for biggest weekly decline since Feb selloff

Oct 26 (Reuters) - Canada’s main stock index dipped on Friday, mirroring a slump in global stocks as anxiety over corporate profits added to fears about global trade and economic growth.

* At 9:36 a.m. ET (13:36 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 57.67 points, or 0.39 percent, at 14,866.41. The main index was on track for its biggest weekly decline since market rout in early February.

* TSX stocks pared losses slightly after Canadian ambassador to Washington said he thinks Canada and the United States will resolve metals tariffs issue “sooner rather than later”.

* World stocks were set to post their worst weekly losing streak in more than five years.

* Losses on the TSX were led by a 0.9 percent drop in the energy sector as U.S. crude prices were down 1.0 percent a barrel, while Brent crude lost 0.9 percent.

* The financial sector slipped 0.3 percent and the industrial sector fell 0.7 percent.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.1 percent.

* Spot gold rose 0.3 percent to $1,235.24 an ounce.

* The largest percentage gainer on the TSX was Aecon Group , which jumped 5.5 percent after the construction company beat estimates for third-quarter earnings. New Gold Inc rose 4.8 percent.

* Packaging company Winpak Ltd fell 5.8 percent, the most on the TSX, after quarterly results. The second-biggest decliner was Aphria Inc, down 5.4 percent.

* The most heavily traded shares by volume were Aurora Cannabis, Royal Nickel and Star Diamond Corp .

* On the TSX, 75 issues were higher, while 165 issues declined for a 2.20-to-1 ratio to the downside, with 14.19 million shares traded.

* The TSX posted no new 52-week highs and 18 new lows.

* Across all Canadian issues there were two new 52-week highs and 84 new lows, with total volume of 21.96 million shares. (Reporting by Medha Singh in Bengaluru; Editing by Maju Samuel)

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