CANADA STOCKS-TSX drops as Argentina defaults, Valeant sells off

* TSX down 126.27 points, or 0.81 percent, at 15,398.55 * Eight of 10 main index sectors decline * Valeant tumbles 7.4 percent after cutting outlook By John Tilak TORONTO, July 31 (Reuters) - Canada's main stock index declined on Thursday as Argentina's default kindled worries about the stability of the economic recovery in the region and shares of Valeant Pharmaceuticals International fell after the company cut its outlook. Further, geopolitical tensions remained high as Ru
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