CANADA STOCKS-TSX falls as 3-day streak ends in broad retreat

Wed May 20, 2015 4:51pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager comment, updates prices to close)

* TSX ends down 48.19 points, or 0.32 percent, at 15,072.83

* Nine of the TSX's 10 main industry groups fall

* Shares in oil/gas companies buck trend as crude prices rise

By Alastair Sharp

TORONTO, May 20 (Reuters) - Canada's main stock index fell on Wednesday, ending a three-session winning streak, as heavyweight banking issues led a broad decline, interrupted by oil and gas company gains on rebounding crude prices.

The country's biggest banks will report quarterly earnings next week, giving investors an updated view of the broader economic environment.

Bank of Nova Scotia pulled back 1.3 percent to C$64.44 and Royal Bank of Canada slipped 0.6 percent to C$79.60.

"It's just leaking a little bit here today," said John Kinsey, portfolio manager at Caldwell Securities Ltd. "It's two steps forward and one step backward; we're moving forward, but it's very slow."   Continued...