• TSX ends down 0.1% at 24,551.55
• Materials sector falls 0.7%
• Teck Resources ends 5.4% lower
• Celestica jumps 18.3%

Oct 24 (Reuters) - Canada's main stock index fell for the fourth straight day on Thursday, weighed by declines for utilities and metal mining shares, as investors assessed recent increases in long-term borrowing costs and awaited corporate earnings releases.

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) , opens new tab ended down 22.07 points, or 0.1%, at 24,551.55, extending its pullback from a record closing high on Friday. It was the longest daily losing streak since September.

"It's one of those weeks where no one is interested in buying stocks," said Barry Schwartz, chief investment officer at Baskin Wealth Management. "We're waiting for the earnings to start to come out for the Canadian companies."

Some of Canada's major energy companies, such as Canadian Natural Resources Ltd (CNQ.TO) , opens new tab, are due to report next week. Bank earnings are due in December.

The materials sector, which includes fertilizer companies and metal mining shares, fell 0.7% as Teck Resources Ltd beat third-quarter profit estimates but cut its full-year copper production forecast.

Teck's shares lost 5.4%, while shares of Rogers Communications (RCIb.TO) , opens new tab were down 1.6% as the company missed market expectations for third-quarter wireless subscriber additions.

"Although the short-end of the (interest) rate curve has moved down, the long-end has moved up, so that's not helping the dividend payers," Schwartz said.

The Bank of Canada has cut its benchmark interest rate by 125 basis points since June to 3.75%, including a larger-than-usual half-percentage-point reduction on Wednesday. Still, Canadian bond yields have moved higher in recent weeks, tracking an upward shift in U.S. rates.

The utilities sector, which contains many high-dividend paying stocks, was down 0.6%.

In contrast, technology rose 1.3%, benefiting from an 18.3% jump in the shares of Celestica Inc (CLS.TO) , opens new tab after the company reported third-quarter results.

Sign up here.

https://www.reuters.com/markets/tsx-futures-rise-strength-oil-metal-prices-2024-10-24/