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 (Frankfurt: P5P.F - news) 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.

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 (Toronto: BMO.TO - news) 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 (Toronto: ENB.TO - news) was

down 0.3 percent at C$49.62.

Among gold-mining stocks, Goldcorp Inc (Toronto: G.TO - news) 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 (Xetra: 855018 - news)

.

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)