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S&P/TSX 60 Index

CANADA STOCKS-TSX retreats for 2nd day from recent rally

By Jennifer KwanTORONTO (Reuters) - Toronto's main stock marketindex fell for a second straight session Wednesday, ledlower by weak gold miners as investors squared positionsfollowing recent strength.The index's heavyweight materials sector, home to minersand fertilizer companies, sank 1 percent despite steadiness inbullion prices.Heavyweight names on the downside included Barrick Gold, down 1.5 percent at C$47.20, and Goldcorp,also down 1.5 percent.Energy producers fell 0.6 percent despite firmness in oilprices, which rose above $74 a barrel. Suncor Energydropped 0.8 percent to C$33.21, while Canadian NaturalResources fell 1.24 percent to C$34.33."The major reason for the TSX to be lower today isbecause of profit-taking. That's been caused because the TSXhas reached a level that is fairly close to multi-month highs,"said Elvis Picardo, analyst and strategist at Global Securitiesin Vancouver."There is a section of the market that's quite bearish onthe fundamentals. For the TSX to get t...

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