CANADA STOCKS-TSX falls more than 1 pct as financials, resources drag

Mon Sep 28, 2015 11:14am EDT
 
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(Updates throughout with market moves, details)

* TSX down 176.04 points, or 1.32 percent, to 13,202.53

* Nine of the TSX's 10 main groups were down

TORONTO, Sept 28 (Reuters) - Canada's main stock index fell more than 1 percent on Monday, extending Friday's losses, as weighty financial names and resources fell sharply, hurt by sliding commodity prices.

Ongoing investor uneasiness about the economic stability in China, among the world's biggest resource consumers, and other big emerging economies dominated market sentiment. Related anxiety over commodity prices spilled over ahead of what is expected to be a busy week in key economic data.

Royal Bank of Canada fell 1.1 percent to C$71.12 to lead losses, while the overall financial sector retreated 1.1 percent.

Transcanada Corp was another weighty loser, sliding 2.4 percent to C$42.59, while its broader energy group sank 2.3 percent.

The struggles in the resource sector hurt the Canadian economy and in turn the fortunes of Canadian banks.

At 10:52 a.m. EDT (1452 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 176.04 points, or 1.32 percent, to 13,202.53.   Continued...