CANADA STOCKS-TSX rally ends as energy stocks slip

Fri Oct 9, 2015 4:40pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds strategist comment, updates prices to close)

* TSX ends down 14.30 points, or 0.10 percent, at 13,964.36

* Half of the TSX's 10 main groups fall

* Index jumped almost 5 pct on the week

By Alastair Sharp

TORONTO, Oct 9 (Reuters) - A five-day winning streak for Canada's main stock index ended on Friday, but only just, as energy shares pulled back from a recent rally while mining stocks pushed higher on rising bullion prices.

The Toronto Stock Exchange's S&P/TSX composite index fell 14.30 points, or 0.10 percent, at 13,964.36, with advancers and decliners almost evenly split.

Investors pushed the index up almost 5 percent this week, largely on the back of gains in the heavyweight energy sector, as appetite for riskier assets pushed commodities prices higher.

That sentiment was helped by minutes from the U.S. Federal Reserve's September meeting that showed it was in no hurry to hike interest rates, which pushed gold to a seven-week high.   Continued...