CANADA STOCKS-Bombardier, bank shares pull TSX lower

    * TSX falls 19.67 points, or 0.14 percent, to 13,752.91 
    * Five of the 10 main index sectors decline 
    * Bombardier drops after CSeries delay 
    * Saputo climbs on progress in battle for Warrnambool 
 
    By John Tilak 
    TORONTO, Jan 16 (Reuters) - Canada's main stock index 
slipped on Thursday after reaching a 2-1/2-year high the 
previous session as drops in Bombardier Inc    and in 
shares of financial-services companies weighed on the market. 
    Bombardier said it will delay putting its new narrow-body 
CSeries jet into commercial use by at least nine months, citing 
a longer-than-expected test phase.    
    Investors also tracked a report showing that the number of 
Americans filing new claims for unemployment benefits dropped 
for a second week last week, while separate data indicated U.S. 
consumer prices posted their biggest gain in six months in 
December.     
    "Overall the markets are consolidating. The focus now is 
turning to the earnings season," said Colin Cieszynski, senior 
market analyst at CMC Markets Canada. 
    "There's no real direction," he added. "There's pretty much 
an impasse between the bears and the bulls." 
    The Toronto Stock Exchange's S&P/TSX composite index 
   was down 19.67 points, or 0.14 percent, at 13,752.91.  
    "I'm generally positive on the TSX," Cieszynski said. "If we 
start to see the global economy improve and demand for resources 
improve, that could certainly help Canada." 
    Five of the 10 main sectors on the index were in the red. 
    Financials, the index's most heavily weighted sector, lost 
0.4 percent. Bank of Nova Scotia    declined 0.5 percent 
to C$63.41, and Toronto-Dominion Bank    shed 0.3 percent 
to C$97.34. 
    Bombardier gave back 6.9 percent to C$4.21, helping drag the 
index's industrial sector down 1.2 percent. 
    In other corporate news, Australia's Bega Cheese Ltd 
   said it will sell its 18.8 percent stake in Warrnambool 
Cheese and Butter Factory Co Holdings Ltd    to Saputo Inc 
  . The news drove Saputo shares up 1.1 percent to 
C$51.49.    
    ($1=$1.09 Canadian) 
 
 (Editing by Peter Galloway) 
 ((john.tilak@thomsonreuters.com)(1-416-687-7918)(Reuters 
Messaging: john.tilak.reuters.com@reuters.net)) 
  
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