CANADA STOCKS-TSX falls as banks, energy stocks weigh with lower oil

Thu Jun 16, 2016 11:28am EDT
 
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(Adds details from early trade, updates prices)

* TSX falls 100.24 points, or 0.72 percent, to 13,823.21.

* Nine of the TSX's 10 main groups slip

TORONTO, June 16 (Reuters) - Canada's main stock index fell on Thursday as financial and energy stocks dragged due to lower oil prices and a dim economic outlook as mounting risk that Britain will leave the European Union weighed on global stock markets.

Meanwhile, gold miners extended recent gains as bullion hit a two-year peak, and the 19 most influential gainers were all materials stocks.

At 10:53 a.m. EDT (1453 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 100.24 points, or 0.72 percent, to 13,823.21.

Nine of its 10 main sectors retreated, with four decliners for every gainer.

The index has fallen more than 4 percent since peaking this month at its highest in 10 months.

The Bank of Canada said economic growth likely stalled in the second quarter due to the impact of Alberta wildfires, while slumping investment spending plans in the energy sector and the possibility that households will suddenly curb their spending due to high debt levels also present risks.   Continued...