(Reuters) - Canada’s main stock index fell on Friday after data estimated the domestic economy likely shrank at a record pace in the second quarter, with sentiment also dented by poor earnings reports from Air Canada and Imperial Oil.
* The nation’s real gross domestic product (GDP) is likely to have plunged by a record 12% in the second quarter, with the period heavily impacted by broad coronavirus shutdowns, Statistics Canada said in flash estimate.
* At 9:41 a.m. ET (13:41 GMT), the Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE was down 64.27 points, or 0.39%, at 16,235.02.
* The energy sector .SPTTEN was unchanged even though U.S. crude CLc1 prices were up 1.2% a barrel, while Brent crude LCOc1 added 0.8%. [O/R]
* The consumer cyclicals sector .GSPTTCD fell 1.17%, leading losses in the region, while the financials sector .SPTTFS slipped 0.8%. The industrials sector .GSPTTIN fell 0.8%.
* The materials sector .GSPTTMT, which includes precious and base metals miners and fertilizer companies, added 0.6% as gold futures GCc1 rose 0.7% to $1,956.5 an ounce. [GOL/]
* On the TSX, 67 issues were higher, while 152 issues declined for a 2.27-to-1 ratio to the downside, with 12.41 million shares traded.
* The largest percentage gainer on the TSX was Dundee Precious Metals Inc (DPM.TO), which jumped 7.4%, after posting second-quarter profits above estimates.
* Its gains were followed by electric utility provider Brookfield Renewable Partners L.P. (BEP_u.TO), which rose 4.6%.
* SNC-Lavalin Group Inc (SNC.TO) fell 5.6%, the most on the TSX, after the construction company posted disappointing quarterly results.
* The second-biggest decliner was utility provider Canadian Utilities Ltd (CU.TO), down 3.3%, after brokerage RBC cut price target for the stock.
* The TSX posted five new 52-week highs and no new lows.
* Across all Canadian issues there were 22 new 52-week highs and one new low, with total volume of 27.25 million shares.
Reporting by Amal S in Bengaluru; Editing by Aditya Soni