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TORONTO Botas Mujer UGG Classic Sheepskin Tall 5815 Grises España , Feb. 23 (Xinhua) -- Canada's main stock market in Toronto dipped into negative territory Tuesday after crude oil prices fell back over Saudi plans on no production cuts.


The Toronto Stock Exchange's benchmark Standard & Poor'sTSX Composite Index lost 82.19 points, or 0.64 percent, to close at 12,763.44 points. Five of the TSX index's eight main sub-sectors were lower.


Oil prices backpedaled Tuesday after Saudi Arabia ruled out production cuts. Major oil exporters including Saudi Arabia and Russia have proposed to freeze output at January levels only if other producers join them.


The West Texas Intermediate for April delivery moved down 1.52 U.S. dollars to settle at 31.87 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery declined 1.42 U.S. dollars to close at 33.27 dollars a barrel on the London ICE Futures Exchange.


Consequently, TSX energy group saw a 3.63 percent retreat. Canadian Natural Resources Limited went down 4.47 percent Rebajas Botas Mujer UGG Classic Sheepskin Tall 5815 Chestnut , while Calgary-based energy producer Encana Corporation declined 8.59 percent and Suncor Energy Inc, Canada's largest oil and gas company, lost 3.42 percent.


The Canadian federal government has confirmed plans to provide 251.4 million Canadian dollars (182.6 million U.S. dollars) to Alberta under a program designed to help provinces hit by sudden revenue downturns.


The western Canadian province of Alberta has been sideswiped by collapsing oil prices and the little-known fiscal stabilization program provides help when provincial revenues fall by more than five percent from one year to the next.