(Updates throughout with closing figures)
* TSX down 42.83 points, or 0.27 percent, to 16,039.26
* Half of the TSX's 10 main groups finish lower
* TSX hits nine straight weeks of gains
* Index rose for 13 straight weeks in late 1996
By Solarina Ho
TORONTO, Nov 10 (Reuters) - Canada's main stock index
finished lower for a third straight session on Friday, but it
managed to rise for the full week, notching its longest weekly
winning streak in more than two decades.
The Toronto Stock Exchange's S&P/TSX composite index
fell 42.83 points, or 0.27 percent, to end at
16,039.26, with half of the 10 main sectors recording a loss.
For the week, however, it squeezed out a 0.12 percent gain,
its ninth consecutive weekly rise, a feat not seen since late
1996 when it rose for 13 straight weeks.
After underperforming major global indexes for much of the
year, the TSX has rallied 7 percent since early September,
fueled in large part by energy stocks that profited from a
nearly 25 percent rise in U.S. crude oil prices.
Manulife Financial Corp ended down 2 percent to
C$26.91 on Friday. Financial stocks gave back 0.7 percent, and
accounted for five of the index's six most influential
TSX operator TMX Group Ltd was one of the sector's
bright spots, adding 1.8 percent to close at C$71.68 after
posting a quarterly profit that exceeded expectations.
The materials group, home to precious and base metals
miners, lumber and other resource companies, lost 0.8 percent.
Gold futures fell 0.9 percent to $1,274.50 an ounce on
Friday, but were still set to see the first weekly rise in a
Wheaton Precious Metals Corp was the most impactful
non-financial stock on the down side, losing 4.5 percent to
C$25.53 after its third-quarter revenue fell short of forecasts.
Energy stocks gave up earlier gains to end down 0.2 percent.
Oil prices were slightly lower as expectations of an output deal
extension were offset by U.S. drillers' adding the most oil rigs
in a week since June.
Industrials also added pressure, falling 0.3 percent.
Ritchie Bros Auctioneers Inc tumbled 10.1 percent to
C$32.15 and CAE Inc lost 3.3 percent to C$22.13 after
both companies reported weaker-than-expected results.
Hydro One Ltd shares fell 1.2 percent to C$22.71 as
third-quarter profit fell, while overall utilities lost 0.3
On the positive side, consumer staples gained 0.9 percent
helped by Cott Corp, which rose 7.4 percent to C$20.46,
extending its previous session's post-earnings gains.
Telecoms added 0.9 percent as Telus Corp rose 2
percent to C$48.47.
Declining issues outnumbered advancing ones on the TSX by
160 to 84, for a 1.90-to-1 ratio on the downside.
(Reporting by Solarina Ho; Editing by Susan Thomas and Leslie
© 2017 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.