Aug 27 (Reuters) - Canada's main stock index fell on Tuesday due to declines in healthcare, mining and energy stocks, while investors focused on mixed quarterly results from two major domestic lenders.
At 10:03 a.m. ET (14:03 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE), opens new tab was down 106.73 points, or 0.46%, at 23,242.24, and was set to snap its two-day record-breaking streak.
At least nine major sectors on the TSX declined led by a drop in healthcare (.GSPTTHC), opens new tab sector at 1.5%, primarily due to cannabis firm Tilray Brands falling 6%.
The materials sector (.GSPTTMT), opens new tab dropped 1% tracking gold prices, despite copper prices nearing their six-week high.
The energy sector (.SPTTEN), opens new tab slipped 0.8% as oil prices declined after gaining over 7% in the past three sessions on the possible widening of the Middle East conflict and potential shutdown of Libya's oil fields.
In domestic earnings, Bank of Nova Scotia (BNS.TO), opens new tab shares rose 2% on better-than-expected profit, while Bank of Montreal (BMO.TO), opens new tab shares fell 6% on a profit miss, with both banks setting aside larger funds for bad loans.
"There's more likely downside pressure for bank earnings moving forward with a slowing Canadian economy as consumers seem to be tapped out at this moment," said Macan Nia, co-chief investment strategist at Manulife Investment Management.
Domestic investors are eyeing a further loosening of credit conditions with higher bets on a 25-basis point cut at the Bank of Canada's next policy meeting on September 4.
On Wednesday, markets will pay attention to the earnings of AI-darling Nvidia (NVDA.O), opens new tab, where investors expect nothing short of outstanding results from the trillion-dollar company.
Meanwhile, results from the domestic lenders like Royal Bank of Canada (RY.TO), opens new tab and National Bank of Canada (NA.TO), opens new tab will also remain on investors' radar.
Reporting by Nikhil Sharma in Bengaluru; Editing by Vijay Kishore
