* TSX down 70.87 points, or 0.46 percent, to 15,420.67
* Nine of the TSX's 10 main groups move lower
TORONTO Jan 12 Canada's main stock index fell
on Thursday, led by heavyweight financial and energy stocks as
investors turned more cautious after U.S. President-elect Donald
Trump's Wednesday news conference provided no further clues on
his policy priorities.
The country's biggest banks and insurers were among the most
influential weights on the index as bond yields fell, with
Manulife Financial Corp down 1.7 percent at C$24.46,
and Royal Bank of Canada off 0.7 percent to C$93.20.
The financials group - which accounts for 35 percent of the
index - fell 0.7 percent, while industrials lost 0.6 percent.
On the other side of the ledger, gold miners and other
materials stocks gained as gold surged to its highest in seven
weeks on a weaker U.S. dollar.
Barrick Gold Corp rose 2.8 percent to C$22.60, and
Goldcorp Inc gained 2.5 percent to C$19.53. Goldcorp, the
world's No.3 gold miner by market value, said it would sell a
Mexican mine for $438 million.
At 10:25 a.m. ET (1525 GMT), the Toronto Stock Exchange's
S&P/TSX composite index was down 70.87 points, or 0.46
percent, to 15,420.67.
Nine of the index's 10 groups were lower, with five falling
issues for every two gainers overall.
Shaw Communications Inc fell 2.8 percent to
C$27.41 after the cable company's quarterly profit more than
halved as it took a charge related to the shutdown of a video
streaming joint venture.
The energy group retreated 0.7 percent, even as oil prices
gained, with MEG Energy Corp slumping 7.6 percent to
C$7.78 after the company said it planned to refinance its debt
and spend almost four times more in 2017 after deferring some
projects in 2016 due to low crude prices.
Canadian home prices continued to rise in the final months
of 2016 as hot markets in Ontario offset the moderating effects
of a foreign buyers tax in Vancouver, though most markets were
past their peak, separate reports showed on Thursday.
(Reporting by Alastair Sharp; Editing by Marguerita Choy)