(Adds details on specific stocks, updates prices)
* TSX down 61.85 points, or 0.4 percent, at 15,524.73
* All of the TSX's 10 main groups move lower
TORONTO, Jan 6 Canada's main stock index fell in
early trading on Friday, with gold miners and other materials
stocks leading a broad retreat from the three-day rally that
started the year.
At 9:42 a.m. ET (1442 GMT), the Toronto Stock Exchange's
S&P/TSX composite index was down 61.85 points, or 0.4
percent, at 15,524.73 despite booming jobs and trade data.
All of the index's 10 main groups were in negative
territory, with four declining issues for every gainer.
The materials group, which includes precious and base metals
miners and fertilizer companies, lost 1.3 percent.
The composite index had made sharp gains in the first three
sessions of the year, taking it within striking distance of an
all-time high, and it remained on track for a 1.6 percent rise
over the course of the shortened week.
The most influential weights on the index included Tahoe
Resources Inc, which fell 8.7 percent to C$13.52 after
the miner forecast 2017 capital spending above estimates,
analysts said. Tahoe also said it expected flat gold production
in 2017 and lower silver output, lagging consensus expectations.
Fertilizer company Potash Corp declined 1.1 percent
to C$24.56, while diversified miner Teck Resources Ltd
lost 1.6 percent to C$28.13.
The energy group retreated 0.5 percent as oil prices were
little changed. The financials group and industrial both slipped
Gold futures fell 0.6 percent to $1,172.2 an ounce,
while copper prices declined 0.6 percent to $5,547.5 a
The economy unexpectedly added 53,700 jobs last month, data
from Statistics Canada showed.
Another report showed Canada posted an unexpected trade
surplus of C$526 million in November, its first in more than two
(Reporting by Alastair Sharp; Editing by Lisa Von Ahn)