01-12-2016 23:03 via news.yahoo.com

TSX retreats from near 18-month high as bond yields rise

By Fergal Smith TORONTO (Reuters) - Canada's main stock index fell on Thursday, pulling back from an earlier near 18-month high as a jump in bond yields pressured defensive stocks, offsetting further gains for energy shares as oil rallied. The telecommunications group fell 1.3 percent, with BCE Inc down 1.5 percent at C$57.05, while consumer staples declined 1.7 percent as Alimentation Couche Tard Inc dropped 2.9 percent to C$60.19. Investors may be "beginning to think that there is a limit to h
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