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CANADA STOCKS-TSX falls as lower copper prices weigh on base metal miners

* TSX down 90.5 points, or 0.55 percent, at 16,257.48

Seven of the TSX's 10 main groups move lower

TORONTO, Jan 23 (Reuters) - Canada's main stock index fell in morning trade on Tuesday, with a broad retreat led by base metal miners as copper prices hit a one-month low and a gold exploration company dropping sharply after announcing its 2018 production and cost forecast.

* At 9:44 a.m. EST (1444 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 90.5 points, or 0.55 percent, at 16,257.48. Seven of its 10 main groups were in negative territory, with decliners outnumbering advancers by 1.4-to-1 overall.

* The most influential movers on the index included First Quantum Minerals Ltd, which was down 3.6 percent to C$18.35, and Teck Resources Ltd, off 3.6 percent at C$34.95.

* Both companies produce copper, which fell to the lowest in a month after inventories surged, while First Quantum also was hit by a downgrade to "neutral" from Credit Suisse.

* Copper prices declined 2.0 percent to $6,924.5 a tonne.

* The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.4 percent.

* Pretium Resources Inc slumped 18.9 percent to C$10.88 after the gold exploration company provided an operational update for its Brucejack mine in northern British Columbia and Credit Suisse downgraded the stock.

* The heavyweight financials group fell 0.6 percent, while industrials fell 0.7 percent. (Reporting by Alastair Sharp; Editing by Bill Trott)