CANADA STOCKS-Energy slump pushes TSX down 1.3 percent

Wed Dec 2, 2015 4:42pm EST
 
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(Adds portfolio manager comment, details; updates prices to close)

* TSX ends down 172.24 points, or 1.26 percent, at 13,463.82

* All of the TSX's 10 main groups decline

By Alastair Sharp

TORONTO, Dec 2 (Reuters) - Canada's main stock index fell sharply on Wednesday, pushed lower by a slump in energy stocks on cheaper oil and losses for miners as gold and copper prices also declined.

Oil prices tumbled more than 4 percent and Canada's energy sector followed it down 3.5 percent. The group has shed one-fifth of its value so far this year.

"The lessons that we learned this year is that commodities can be awfully nasty," said Barry Schwartz, a portfolio manager at Baskin Financial Services.

Suncor Energy Inc fell 2.7 percent to C$36.77 and Canadian Natural Resources lost 4.2 percent to C$30.99.

Potash Corp fell 3.6 percent to C$25.70 and Goldcorp Inc lost 2.7 percent to C$15.79.   Continued...