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CANADA STOCKS-TSX retreats on drop in energy, Kirkland Lake shares

CANADA STOCKS-TSX retreats on drop in energy, Kirkland Lake shares
From Reuters - October 12, 2017

(Updates trading, adds sector and stock moves)

* TSX down 28.18 points, or 0.18 percent, to 15,772.22

* Seven of the TSXs 10 main groups fell

TORONTO, Oct 12 (Reuters) - Canadas main stock index retreated on Thursday, with declines driven by energy companies that were squeezed by cooling oil prices, as well as a drop in shares of Kirkland Lake Gold.

Suncor Energy was the biggest drag on the index, falling 1.5 percent to C$42.34. It was followed by Canadian Natural Resources Ltd, which declined 1.4 percent to C$40.93.

The overall sector retreated 1.3 percent, as oil prices fell amid higher U.S. fuel inventories. U.S. crude prices were down 1.8 percent to $50.38 a barrel, while Brent crude lost 1.3 percent to $56.22.

Other influential decliners included Shaw Communications Inc , which slid 3.2 percent to C$27.63, and Kirkland Lake Gold, which slumped 6.1 percent to C$17.37.

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