(Updates trading, adds sector and stock moves)
* TSX down 28.18 points, or 0.18 percent, to 15,772.22
* Seven of the TSX's 10 main groups fell
TORONTO, Oct 12 (Reuters) - Canada's 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
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.
Desjardins cut its rating on Kirkland Lake to "hold" from
"buy" after the company released quarterly and production
The overall materials sector, where miners and other
resource companies reside, lost 0.2 percent.
At 10:27 a.m. ET (1427 GMT), the Toronto Stock Exchange's
S&P/TSX composite index fell 28.18 points, or 0.18
percent, to 15,772.22.
Of the index's 10 main groups, seven were in negative
Financial services stocks slipped 0.2 percent.
On the positive side, Alimentation Couche-Tard
rose 2.4 percent to C$60.37. The company is buying back 4.4
million of its shares that were held by Metro Inc and
Eight Capital upgraded the company to a "buy" from "neutral,"
citing positive trends. The overall consumer staples sector
added 0.7 percent.
Declining issues outnumbered advancing ones on the TSX by
144 to 94, for a 1.53-to-1 ratio on the downside.
(Reporting by Solarina Ho; Editing by Bernadette Baum)
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