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TSX ends down 0.1% at 24,551.55

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Materials sector falls 0.7%

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Teck Resources ( TECK ) ends 5.4% lower

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Celestica ( CLS ) jumps 18.3%

(Updates to market close)

By Fergal Smith

Oct 24 (Reuters) - Canada's main stock index fell for

the fourth straight day on Thursday, weighed by declines for

utilities and metal mining shares, as investors assessed recent

increases in long-term borrowing costs and awaited corporate

earnings releases.

The Toronto Stock Exchange's S&P/TSX composite index

ended down 22.07 points, or 0.1%, at 24,551.55,

extending its pullback from a record closing high on Friday. It

was the longest daily losing streak since September.

"It's one of those weeks where no one is interested in

buying stocks," said Barry Schwartz, chief investment officer at

Baskin Wealth Management. "We're waiting for the earnings to

start to come out for the Canadian companies."

Some of Canada's major energy companies, such as Canadian

Natural Resources Ltd ( CNQ ), are due to report next week.

Bank earnings are due in December.

The materials sector, which includes fertilizer companies

and metal mining shares, fell 0.7% as Teck Resources Ltd ( TECK ) beat

third-quarter profit estimates but cut its full-year copper

production forecast.

Teck's shares lost 5.4%, while shares of Rogers

Communications ( RCIAF ) were down 1.6% as the company missed

market expectations for third-quarter wireless subscriber

additions.

"Although the short-end of the (interest) rate curve has

moved down, the long-end has moved up, so that's not helping the

dividend payers," Schwartz said.

The Bank of Canada has cut its benchmark interest rate by

125 basis points since June to 3.75%, including a

larger-than-usual half-percentage-point reduction on Wednesday.

Still, Canadian bond yields have moved higher in recent weeks,

tracking an upward shift in U.S. rates.

The utilities sector, which contains many high-dividend

paying stocks, was down 0.6%.

In contrast, technology rose 1.3%, benefiting from an 18.3%

jump in the shares of Celestica Inc ( CLS ) after the company

reported third-quarter results.