CANADA STOCKS-Bombardier soars, but resource slump pushes TSX lower

Wed Sep 9, 2015 5:21pm EDT
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(Adds analyst comment, updates prices to close)

* TSX ends down 98.82 points, or 0.72 percent, at 13,531.85

* Eight of the TSX's 10 main groups fall

By Alastair Sharp

TORONTO, Sept 9 (Reuters) - Canada's main stock index fell on Wednesday, hurt by broad weakness among miners and energy companies that overshadowed a surge in shares of train and plane maker Bombardier.

The index's heavyweight energy group lost 2.1 percent, as oil prices fell nearly 4 percent, pressured by ample supply and concerns that slowing economic growth is curbing demand.

Suncor Energy Inc lost 1.1 percent to C$34.77 and Canadian Natural Resources fell 1.7 percent to C$27.18.

The Toronto Stock Exchange's S&P/TSX composite index ended down 98.82 points, or 0.72 percent, at 13,531.85. Eight of its 10 main groups slipped. The materials group, which includes miners, lost 1.6 percent.

"What interests me in Canada right now is some of these sectors outside of resources, the more traditional industrials and merchandising and consumers and things like that, because we are starting to see the lower loonie have a positive impact on other parts of the Canadian economy," said Colin Cieszynski, a senior market analyst at CMC Markets Canada.   Continued...