CANADA STOCKS-TSX retreats on gold miner selloff, Ukraine fears

    * TSX falls 115.39 points, or 0.81 percent, to 14,184.10 
    * Seven of 10 main index sectors decline 
    * Pembina Pipeline jumps after being added to S&P/TSX 60 
index 
 
    By John Tilak 
    TORONTO, March 26 (Reuters) - Canada's main stock index 
slipped on Wednesday, led by a sharp selloff in gold mining 
shares and broad declines in most other sectors, after comments 
from President Barack Obama revived worries about the crisis in 
Ukraine. 
    While the United States and the European Union decided to 
work together to prepare possible tougher economic sanctions on 
Moscow, Obama said Russian President Vladimir Putin had 
miscalculated if he thought he could divide the West or count on 
its indifference over his annexation of Crimea.    
    Data showed a rebound in orders for long-lasting U.S. 
manufactured goods in February, with shipments showing strength 
after two straight months of declines.    
    But those bullish numbers weighed on the price of bullion, 
which slid toward the $1,300-an-ounce mark. As a result, shares 
of the yellow metal's producers recorded their biggest 
single-day drop in more than three months.  GOL/  
    The Toronto market, which has swung back and forth on the 
Ukraine developments, has been grinding higher in 2014 and is up 
about 4 percent so far this year. 
    "The market is taking a little rest here, particularly in 
the light of the Ukraine situation," said David Cockfield, 
managing director and portfolio manager at Northland Wealth 
Management. 
    "It's nothing dramatic," he added. "I'm not surprised that 
this little bit of consolidation is going on and I'm not that 
concerned just yet." 
    The Toronto Stock Exchange's S&P/TSX composite index 
   ended down 115.39 points, or 0.81 percent, at 
14,184.10. Seven of the 10 main sectors on the index were in the 
red. 
    Financials, the index's most heavily weighted sector, fell 
0.5 percent, with Bank of Montreal    declining 0.4 
percent to C$73.53. 
    Energy shares shrugged off higher U.S. crude oil prices, 
dropping 0.5 percent. Canadian Natural Resources Ltd    
gave back 1 percent to C$41.35, and Enbridge Inc    was 
down 0.3 percent at C$49.62. 
    Among gold-mining stocks, Goldcorp Inc    shed 4.6 
percent to C$27.18, and Barrick Gold Corp    slipped 4.2 
percent to C$19.80. 
    Turquoise Hill    dropped 1.6 percent, to C$3.76, 
after technical problems hurt first-quarter production at the 
Oyu Tolgoi copper and gold mine in Mongolia. Turquoise Hill owns 
a majority interest in Oyu Tolgoi and is controlled by Rio Tinto 
  .    
    In other corporate news, Pembina Pipeline    jumped as 
much as 4.6 percent, hitting a 52-week high, after being added 
to the S&P/TSX 60    index late on Tuesday. 
    "There's no hype to Pembina Pipeline. It's a real company 
that delivers the goods," said Barry Schwartz, a portfolio 
manager at Baskin Financial, which owns the stock. "What I care 
about is owning companies that provide products and services 
that we cannot live without, and Pembina Pipeline is one of 
them." 
 
 (Editing by Chris Reese and G Crosse) 
 ((john.tilak@thomsonreuters.com)(+1-416-687-7918)(Reuters 
Messaging: john.tilak.reuters.com@reuters.net)) 
  
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