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TSX ends down 0.6% at 26,566.32

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Consumer staples falls 1.7%

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Real estate loses 1.4%

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BlackBerry jumps nearly 13%

(Updates at market close)

By Fergal Smith

June 25 (Reuters) - Canada's commodity-linked main stock

index pulled back on Wednesday from a record high, with the

consumer staples and real estate sectors among the biggest

decliners as investors assessed the potential for calmer market

conditions to increase the attractiveness of high-growth stocks.

Toronto's S&P/TSX Composite Index ended down

152.30 points, or 0.6%, at 26,566.32, after posting a record

closing high on Tuesday.

A heavy weighting in gold stocks, which tend to benefit from

safe-haven demand, has helped shield the TSX from some of the

volatility that has impacted Wall Street this year but global

trade tensions have cooled in recent weeks and a fragile truce

between Israel and Iran has continued to hold.

"If things do calm down, I would want to be reducing my

exposure to TSX type names and increasing my exposure to growth

as there has been significant underperformance in that direction

in the last six months," said Barry Schwartz, chief investment

officer at Baskin Wealth Management.

Major U.S. benchmarks, such as the S&P 500, have a heavier

weighting than the Toronto market in high-flying technology

stocks.

Some of the high-dividend-paying sectors on the TSX lost

ground as long-term borrowing costs rose. Consumer staples fell

1.7%, real estate lost 1.4% and utilities ended 0.6% lower.

The Canadian 10-year yield was up 4.5 basis points at 3.319%

as Canada pledged to invest 5% of its gross domestic product in

defense spending by 2035.

"Planned increases in defence expenditures are likely to

lead to significantly larger deficits, higher debt and increased

issuance," Randall Bartlett, senior director of Canadian

economics at Desjardins, said in a note.

BlackBerry Ltd ( BB ) was a bright spot. Its shares rose

nearly 13% after the company raised its annual revenue forecast,

anticipating steady demand for its cybersecurity services amid

growing online crimes.