* TSX down 0.2%
* Utilities stocks lead declines
* Energy Fuels reports higher profit; shares gain
Feb 26 (Reuters) – Canada’s main stock index fell on
Monday on losses in utilities and material stocks, while
investors awaited key inflation readings this week, which could
shed more light on the timing of potential interest rate cuts.
At 10:27 a.m. ET (15:27 GMT), the Toronto Stock
Exchange’s S&P/TSX composite index was down 40.21
points, or 0.19%, at 21,372.94.
Utilities extended losses for a third consecutive
session, with a 1.8% decline after electric utility firm Emara
fell 2.5% on reporting fourth-quarter profit below
estimates.
The materials sector, housing Canadian miners,
declined 1.5% as gold prices slid on easing U.S. Federal Reserve
rate cut bets, while copper slipped on rising inventories.
On the flip side, the information…
