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CANADA STOCKS-TSX slips as material, energy stocks weigh

Tue, 03rd Apr 2018 15:27

April 3 (Reuters) - Canada's main stock index fell onTuesday as weakness in oil prices led to declines in energystocks and dip in gold prices dragged the materials sectorlower.

* Gold producers fell 1.7 percent, weighing on thelarger materials sector as prices of yellow metal edged lowerafter previous session's surge.

* The energy sector, which holds nearly 18 percentof the index's weight, fell more than 23 points as oil pricesstruggled to retain gains as higher Russian output and SaudiArabia possibly cutting its selling prices acted as a drag.

* Wall Street rebounded, led by gains in the batteredtechnology stocks following Monday's selloff.

* At 10:25 a.m. ET (1425 GMT), the Toronto Stock Exchange'sS&P/TSX composite index fell 64.87 points, or 0.43percent, to 15,148.58.

* The TSX posted two new 52-week highs and six new lows.Across all Canadian issues there were five new 52-week highs and17 new lows.

* The largest percentage gainer on the TSX was Interfor Corp, which rose 3.5 percent, while the largest decliner wasPrometic Life Sciences, down 6.8 percent.

* Among the most active Canadian stocks by volume wereNeovasc Inc, Aurora Cannabis, and PrometicLife Sciences.

* Volume on the TSX index was 26.74 million, while the totalvolume on Tuesday was 47.55 million shares.(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)

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