(Adds details on specific stocks, updates prices)
* TSX down 61.19 points, or 0.41 percent, at 15,039.19
* Half of the TSX's 10 main groups fall
TORONTO, Nov 23 Canada's main stock index was
pushed lower on Wednesday by sharp declines among gold mining
stocks as the precious metal slid to a nine-month low.
A slew of gold mining stocks, including two of the world's
largest gold producers, fell between 3 and 8 percent. Gold
prices slumped as strong U.S. data buoyed the U.S. currency and
further cemented a case for increasing U.S. interest rates next
Barrick Gold Corp fell 4.9 percent to C$19.63, and
Goldcorp Inc declined 5.1 percent to C$17.22. Kinross
Gold Corp lost 8 percent to C$4.27.
The materials group, which includes precious and base metals
miners and fertilizer companies and accounts for 12 percent of
the index's weight, lost 3.2 percent.
Potash Corp slipped 0.4 percent to C$23.97. The
world's biggest fertilizer maker by capacity said it was
reducing output and cutting jobs as the sector struggles with
The energy group also pulled back, off 0.5 percent as oil
edged lower on investors' doubts that OPEC would agree a large
enough production cut to significantly reduce a global surplus
when it meets next week.
Suncor Energy Inc declined 0.6 percent to C$42.37.
At 9:53 a.m. EDT (1453 GMT), the Toronto Stock Exchange's
S&P/TSX composite index was down 61.19 points, or 0.41
percent, to 15,039.19.
The index hit 17-month highs earlier this week.
Half of the index's 10 main groups were in negative
The most influential gainers on the index were financial
stocks, which continue to rally as bond yields push higher in
the wake of Donald Trump's victory in the U.S. presidential
election earlier this month.
Bank of Montreal rose 0.8 percent to C$89.1, and
insurer Manulife Financial Corp add 0.3 percent to
C$23.6. The overall financials group, which accounts for more
than a third of the index's weight, gained 0.2 percent.
(Reporting by Alastair Sharp; Editing by Nick Zieminski)