* BlackBerry shares hit three-week low
* Miners down as gold slips
* TFI International ( TFII ) top gainer
By Sudeshna Ghoshal
Juy 16(Reuters) - Canada's main stock index fell on
Thursday, retreating from a record high in the previous session,
as slipping gold prices weighed on mining stocks.
The Toronto Stock Exchange's S&P/TSX Composite Index
was down 0.1% at 35,376.24 points by 11:00 a.m. ET.
* The heavily weighted materials sector, which
includes miners, dropped 3.6% as gold hit a two-week low amid
renewed inflation concerns tied to uncertainty over the Middle
East conflict.
* Spot gold and silver fell 1.6% and 3%,
respectively.
* 5N Plus ( FPLSF ), Americas Gold and Silver ( USAS ) and
AbraSilver Resource ( ABBRF ) were among the biggest decliners,
falling 6% to 7%.
* BlackBerry fell to a three-week low, leading
losses in the technology sector, which dropped 0.8%.
* TFI International ( TFII ) emerged as the top gainer,
rising 6% after a rating upgrade by Scotiabank.
* The energy sector rose 0.4% as oil prices
advanced on concerns over potential supply disruptions from
escalating tensions in the Middle East.
* Investors were also monitoring USMCA talks. U.S. Trade
Representative Jamieson Greer said on Wednesday that talks with
Mexico had made progress, while negotiations with Canada had yet
to yield concessions sought by President Donald Trump.
* "Whether it's a three-way deal like we had before, or it's
a two-way deal that Canada negotiates its own direct deal with
the U.S....either way, I anticipate that it's either going to be
similar or perhaps slightly worse; that would be my best-case
scenario," said Sartorial Wealth CEO Shiraz Ahmed.
* The Trump administration said earlier this month it would
not renew the USMCA trade agreement, but that the pact would
remain in effect until the issues were resolved or the agreement
terminated.
* On the domestic front, Canadian housing starts came in
below expectations in June, according to data from the national
housing agency.