(Adds details on specific stocks, updates prices)
* TSX down 76.31 points, or 0.49 percent, to 15,422.49.
* Half of the TSX's 10 main groups move lower
TORONTO, Feb 8 Canada's main stock index fell on
Wednesday as a third day of oil price losses weighed on its
large energy sector and disappointing results from an insurer
led financial stocks lower.
Gains for gold and base metal miners on higher commodity
prices helped offset the downswing, while Bombardier Inc
gained 2.8 percent to C$2.62 after Canada said it
would provide the plane and train maker with C$372.5 million in
repayable loans for two of its jet programs and defend the deal
from the trade challenge Brazil formally launched on Wednesday.
At 9:58 a.m. ET (1458 GMT), the Toronto Stock Exchange's
S&P/TSX composite index was down 76.31 points, or 0.49
percent, at 15,422.49.
The energy group retreated 1.9 percent as oil prices
extended a recent slide with a big increase in U.S. crude
inventories and a slump in Chinese demand.
Suncor Energy Inc fell 2.1 percent to C$39.76, while
pipeline operator Enbridge Inc declined 1.4 percent to
The heavyweight financials group lost 0.7 percent after
notching solid gains in recent days on a reassessment of the
likely pace of U.S. Federal Reserve interest rate hikes.
Shares in Intact Financial Corp, the country's
largest property and casualty insurer, fell 3.8 percent to
C$91.72 after the company missed quarterly operating profit
expectations on weakness in its auto insurance business.
The materials group, which includes precious and base metals
miners and fertilizer companies, added 0.9 percent, with gold
miners making strong gains as political risk pushed bullion to a
Barrick Gold Corp advanced 1.3 percent to C$25.78
and Goldcorp Inc advanced 1.2 percent to C$22.29
Base metals miners also gained, as copper prices rose after
the world's top two mines said strikes and permit delays would
force them to cut output, squeezing global supply.
First Quantum Minerals Ltd advanced 1.1 percent to
C$16.10 and Lundin Mining Corp was up 3.2 percent at
The exchange operator itself, TMX Group Ltd, was
barely lower at C$69.77 after it said it is in talks to convince
Saudi Arabia to list its initial public offering of state-owned
Saudi Aramco in Canada.
BlackBerry Ltd shares rose 0.4 percent to C$9.45.
The company said on Tuesday it would make its BBM
secure-messaging system available for software developers to
build into their own products.
Half of the index's 10 groups were lower, with declining
issues outnumbered advancers by a 1.55-to-1 ratio.
(Reporting by Alastair Sharp; Editing by Bill Trott)