CANADA STOCKS-TSX slips on resource stocks; earnings temper losses

From Reuters - November 9, 2017

(Updates throughout with stock and index moves, corporate results)

* TSX down 24.01 points, or 0.15 percent, at 16,081.34

* Seven of the TSXs 10 main groups were down

TORONTO, Nov 9 (Reuters) - Canadas main stock index fell on Thursday, weighed down byresource and financial stocks, while a slew of mostly upbeat corporate earnings tempered declines.

TransCanada Corp was among the most influential losers on the index, falling 1.0 percent to C$61.33 despite reporting revenue that topped estimates.

Oil and gas companies overall were more positive, however, with the energy group edging up 0.3 percent as U.S. crude prices rose 1.0 percent to $57.39 a barrel.

Tourmaline Oil Corp jumped 8.6 percent to C$27.05 after reporting third-quarter results, while Cameco Corp rallied 5.2 percent to C$12.10 following news it will suspend production from its McArthur River mine and Key Lake mill.

Magna International fell 2.2 percent to C$66.39 after warning that part of its transmission business could soften over the next couple of years.


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