August 16, 2016 / 8:17 PM / in a year

CANADA STOCKS-TSX falls, pressured by valuation and rate hike worries

TORONTO, Aug 16 (Reuters) - Canada’s main stock index fell on Tuesday as worries about elevated valuations and higher U.S. interest rates offset a rally in oil prices.

The Toronto Stock Exchange’s S&P/TSX composite index unofficially closed down 73.58 points, or 0.50 percent, at 14,703.44. Nine of the index’s 10 main groups ended lower. (Reporting by Fergal Smith; Editing by Tom Brown)

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