CANADA STOCKS-TSX falls as skittish investors retreat; miners buck trend

Thu Jul 9, 2015 4:30pm EDT
 
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(New throughout, updates prices and market activity to close)

* TSX ends down 133.58 points, or 0.93 percent, at 14,278.49

* All of the TSX's 10 main groups fall

By Alastair Sharp

TORONTO, July 9 (Reuters) - Canada's main stock index fell on Thursday, as investors retreated in the face of a range of worries, although gains in the price of gold and copper helped some miners.

The Toronto Stock Exchange's S&P/TSX composite index ended down 133.58 points, or 0.93 percent, at 14,278.49. All of the index's 10 main groups fell, adding to Wednesday's bruising retreat.

"The markets have been frenetic," said Irwin Michael, portfolio manager at ABC Funds. "I think all of us, all investors, are waiting for a little bit of serenity."

He said investors remained nervous about the Chinese stock market, which snapped a five-day sell-off after heavy intervention from Beijing, and cliffhanger talks on Greece, despite little direct links to Europe for many Canadian stocks.

"However, the real effect is on investor psychology, people get nervous. More likely than not they're selling their winners," he said.   Continued...