CANADA STOCKS-TSX breaks 3-day winning streak as energy weighs

Thu Jun 25, 2015 4:50pm EDT
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(Adds investment advisor comment, updates prices to close)

* TSX ends down 50.01 points, or 0.33 percent, at 14,897.50

* Six of the TSX's 10 main groups decline

By Alastair Sharp

TORONTO, June 25 (Reuters) - Canada's main stock index finished lower on Thursday, pulled down by a hefty retreat in energy names that snapped a three-session rally.

The Toronto Stock Exchange's S&P/TSX composite index ended down 50.01 points, or 0.33 percent, at 14,897.5.

Suncor Energy Inc fell 3.2 percent to C$34.56, while Encana Corp declined 3.4 percent to C$14.24 and Canadian Natural Resources lost 2.1 percent to C$35.13.

The overall group retreated 1.7 percent, hurt by oil prices that were pulled lower by uncertainties over a solution to Greece's debt crisis and the potential easing of sanctions on crude-producing Iran.

"The hope is that now oil has dropped significantly and will stay at this level or even fall further over time, that other sectors like, for one, manufacturing will pick up the slack," said Allan Small, a senior investment advisor at Dundee Wealth.   Continued...