CANADA STOCKS-TSX broadly retreats, but ends week up 1.1 pct

Fri Jun 26, 2015 5:02pm EDT
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(Adds portfolio manager comment, updates prices to close)

* TSX ends down 89.41 points, or 0.60 percent, to 14,854.21

* All of the TSX's 10 main groups fall

By Alastair Sharp

TORONTO, June 26 (Reuters) - Canada's main stock index slipped on Friday in a broad retreat led by utilities and resource stocks, although the index still managed a 1.1 percent gain in a week dominated by the ongoing Greek debt drama.

The Toronto Stock Exchange's S&P/TSX composite index lost 89.41 points, or 0.60 percent, to 14,854.21, adding to Thursday's decline after a three-day bounce.

The overarching investor focus all week was strained efforts between Greece and its creditors to avoid a debt default.

"A lot of the bullishness in the early part of the week was on hearing there could be an agreement, then towards the end of the week we heard it wasn't, there were going to be more prolonged meetings," said Manash Goswami, a portfolio manager at First Asset Investment Management.

The losses on Friday were broad, with all ten of the TSX's main sectors in retreat, though losses in telecoms and financials were muted.   Continued...