CANADA STOCKS-TSX falls for fifth straight day as financial slide

Tue Jun 14, 2016 4:33pm EDT
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(Adds portfolio manager quotes, details on Enbridge and BCE, updates prices)

* TSX closed down 109.65 points, or 0.78 percent, at 13,884.23

* The index hit its lowest since May 19 at 13,855.48.

* Seven of the TSX's 10 main groups ended lower

By Fergal Smith

TORONTO, June 14 (Reuters) - Canada's main stock index fell for a fifth straight day on Tuesday, hitting a three-week low as financial and resource stocks retreated ahead of Britain's vote on whether to leave the European Union.

The heavyweight financials group fell 1.0 percent as worries about a potential British exit saw investors push Germany's 10-year bond yield below zero for the first time.

Opinion polls show growing support for Britain to leave the EU, which investors worry could tip the bloc into recession.

"The market is reacting to that in quite a negative fashion," said Elvis Picardo, vice president of research at Global Securities.   Continued...