Canadian Stocks Snap Win Streak -- Canadian Commentary

(RTTNews) - Canadian stocks fell for the first time this week amid weakness among metals and energy stocks.

Modest strengh in the financial sector helped offset losses in most sectors.

The S&P/TSX Compsosite Index was down 32.10 points, or 0.22 percent, to 14,482.42.

Traders took profits after Toronto's main index soared to 11-month highs earlier in the week.

Energy stocks struggled even as August WTI oil settled at $45.95/bbl on Nymex, up 27 cents, or 0.6 percent.

Still, prices have fallen in July as OPEC pointed to sluggish global demand for 2016. Baker Hughes said the U.S. rig count rose for a sixth week in seven.

Shaw Communications (SJR.B.TO) profit tripled in the the third quarter. Earnings were C$704 million, or C$1.44 per share. This was up from C$209 million, or C$0.42 per share, last year.

Shaw shares were down 1.2 percent.

In economic news, Canadian manufacturing sales declined 1.0 percent to C$49.9 billion in May, the third decrease in five months.