CANADA STOCKS-TSX falls to 1-week low as lower oil weighs on energy stocks

Wed Jun 1, 2016 11:27am EDT
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(Adds details throughout on sectors and stocks, updates prices)

* TSX down 75.8 points, or 0.54 percent, to 13,989.98

* Six of the TSX's 10 main groups fall

TORONTO, June 1 (Reuters) - Canada's main stock index fell to a one-week low on Wednesday as energy and financial stocks retreated, pressured by lower oil prices and weak Chinese data which weighed on global stock markets.

Energy stocks fell 2 percent as oil fell on bets of inaction at Thursday's meeting of the Organization of the Petroleum Exporting Countries.

Suncor Energy Inc declined 2.6 percent to C$35.01, while U.S. crude prices were down 1.8 percent to $48.20 a barrel.

Shares of National Bank of Canada fell 1.5 percent to C$42.89. The bank reported a 48 percent drop in quarterly profit after it set aside funds to cover loans to oil and gas companies that had turned sour.

The overall financials group declined 0.3 percent.

At 11:10 a.m. EDT (1510 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 75.8 points, or 0.54 percent, to 13,989.98. It touched its lowest since May 24 at 13,959.59.   Continued...