CANADA STOCKS-TSX edges lower, breaks winning streak as energy weighs

Thu Jun 25, 2015 11:19am EDT
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(Updates throughout with new details, commentary, market reaction)

* TSX down 16.78 points, or 0.11 percent, to 14,930.73

* Half of the TSX's 10 main groups decline

By Solarina Ho

TORONTO, June 25 (Reuters) - Canada's main stock index slipped on Thursday, after hitting a 2-1/2-week high this week, but declines were modest, with many investors awaiting some sort of news about and resolution to Greece's debt situation.

"Clearly the biggest concerns out there include Greece. It's very psychological at this point. It's testing Europe, testing central bankers. People don't know what the effects will be," said Irwin Michael, portfolio manager at ABC Funds.

Energy names were among the biggest drags on the index, offsetting gains elsewhere including in the hefty financial sector.

Suncor Energy Inc fell 1.7 percent to C$35.08, while Encana Corp declined 2.9 percent to C$14.31.

The overall group retreated 1.1 percent, hurt by oil prices that were pulled lower by Greece uncertainties and the potential easing of sanctions on crude-producing Iran.   Continued...