CANADA STOCKS-TSX retreats on oil slide, Greece uncertainty

Mon Jul 6, 2015 5:08pm EDT
 
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(Adds portfolio manager comment, updates prices to close)

* TSX ends down 88.82 points, or 0.60 percent, at 14,593.57

* Eight of the TSX's 10 main groups lower

By Alastair Sharp

TORONTO, July 6 (Reuters) - Canada's main stock index slipped on Monday after Greek voters rejected debt bailout terms, endangering the country's future in the euro zone and pummeling oil prices.

Still, while global markets stumbled on the news, the drama received a muted reaction from Canadian investors.

"I actually think the day was pretty good all things considered," said John Stephenson, president of Stephenson & Company Capital Management.

The Toronto Stock Exchange's S&P/TSX composite index ended down 88.82 points, or 0.60 percent, at 14,593.57. At one point it fell as low as 14,524.64.

Energy stocks - which make up one-fifth of the index - took the brunt of the losses, down 2.1 percent. Crude prices crashed as much as 8 percent on a combination of concerns over Greece, China's stock market woes, and a possible Iran nuclear deal that could bring more supply to market.   Continued...