* TSX down 78.33 points, or 0.5 percent, to 15,541.32
* Nine of TSX's main groups lower
TORONTO May 3 Canada's main stock index
retreated on Wednesday as lower industrial metal prices weighed
on most miners, although strong quarterly results from two
mining companies tempered some of the losses.
The overall materials group, which includes precious and
base metals miners and fertilizer companies, lost 0.8 percent,
tracking falls in base metals, including copper and nickel.
Copper prices declined 3.5 percent to $5,601.50 a tonne.
Teck Resources Ltd declined 5.9 percent to
C$26.60, while First Quantum Minerals Ltd declined 5.4
percent to C$12.03.
Kinross Gold Corp and Tahoe Resources Inc
offset some of the losses and were among the most positive
influential movers after the gold miners reported strong results
late Tuesday. Kinross jumped 12.2 percent to C$5.15, while Tahoe
surged 12.5 percent to C$12.07.
Home Capital Group Inc sank 8.9 percent to C$7.06
after the troubled non-bank lender delayed its first-quarter
results. The overall financials group, which accounts for about
one-third of the index, fell 0.3 percent.
At 11:05 a.m. EDT (1505 GMT), the Toronto Stock Exchange's
S&P/TSX composite index fell 78.33 points, or 0.5
percent, to 15,541.32. Nine of the index's main groups
The energy group was the lone gainer, squeezing out a modest
0.2 percent gain. Canadian Natural Resources Ltd
advanced 0.1 percent to C$43.47.
In earnings, newspaper publisher Torstar Corp
reported a wider-than-expected loss and shares fell 8.4 percent
to C$1.52 .
Declining issues outnumbered advancing ones on the TSX by
187 to 52, for a 3.60-to-1 ratio on the downside.
The index was posting 10 new 52-week highs and 1 new low.
(Reporting by Solarina Ho; Editing by Jeffrey Benkoe)