CANADA STOCKS-TSX falls, financials biggest drag amid broad-based losses

Thu Dec 31, 2015 11:04am EST
 
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(Updates prices)

* TSX down 130.94 points, or 1.0 percent, to 13,011.35

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

TORONTO, Dec 31 (Reuters) - Canada's main stock index fell on Thursday as financial sector stocks provided the biggest drag amid broad-based losses ahead of the New Year's Day holiday on Friday.

Royal Bank of Canada fell 1.4 percent to C$74.54, while Toronto-Dominion Bank was down 1.2 percent at C$54.33.

The overall financial services sector fell 1.4 percent.

Railway stocks also headed lower, including a 2.0 percent drop in Canadian National Railway Co to C$76.80.

Air Canada fell 0.7 percent. Turbulence on one of the airline's flights from China injured multiple passengers on Wednesday, forcing it to land in Calgary, Alberta.

At 10:42 a.m. EST (1542 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 130.94 points, or 1.0 percent, to 13,011.35, with nine of the index's 10 main groups in negative territory.   Continued...