CANADA STOCKS-TSX ends last 2015 session lower, down 11 percent for year

Thu Dec 31, 2015 4:47pm EST
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(Adds portfolio manager quote, details; updates prices)

* TSX down 132.34 points, or 1.01 percent, to 13,009.95

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

By Fergal Smith

TORONTO, Dec 31 (Reuters) - Canada's main stock index fell on Thursday despite a rally in crude oil prices, leaving the market down 11 percent in 2015 and closing out its worst year since the global financial crisis of 2008.

The strong correlation between equity markets and oil prices reversed for one day, according to Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.

The heavily weighed financial services sector was the biggest drag on the market in light volume ahead of the New Year's Day holiday, falling 1.7 percent.

Royal Bank of Canada fell 1.9 percent to C$74.15, while Toronto-Dominion Bank was down 1.4 percent at C$54.24.

Industrials also fell, including a 1.3 percent drop in Canadian National Railway Co to C$77.35.   Continued...