Canadian stock market down Friday

TORONTO, Dec. 1 (Xinhua) -- Canadian main stock index edged down Friday, due to losses in gold miners, technology and telecom sectors.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index slipped 28.51 points, or 0.18 percent to close the day at 16,038.97. Seven of the index's 10 main groups were lower, with the technology sector falling 1.4 percent and the materials group down 1.3 percent.

BlackBerry Ltd declined 1.7 percent to 13.69 Canadian dollars after agreeing to pay Nokia about 137 million Canadian dollars in a contract dispute while Shopify fell 3.2 percent to 130.84 Canadian dollars.

Gold-focused royalty company Franco-Nevada Corp lost 2.6 percent to 102.34 Canadian dollars and other gold miners dropped despite the precious metal getting a boost from safe haven flows after an ABC report that added to concerns about the United States.

The energy group rose 1.1 percent and oil prices also rose following a deal among major producers to extend an output curb.

Canadian Natural Resources Ltd climed 2.3 percent to 44.75 Canadian dollars and Cenovus Energy Inc surged 4.6 percent to 12.87 Canadian dollars.

The financials group rallied 0.2 percent with Canadian Imperial Bank of Commerce up 2.6 percent to 121.20 Canadian dollars. (1 Canadian dollar equals 0.7888 U.S. dollars.) Enditem