CANADA STOCKS-TSX little changed as miners gain, banks and energy slip

Fri Oct 28, 2016 4:54pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager comment, updates prices to close)

* TSX ends down 48.46 points, or 0.33 percent, at 14,785.29

* Seven of TSX's 10 main groups end up; energy and banks weigh

* Index fell 1 percent on week

By Alastair Sharp

TORONTO, Oct 28 (Reuters) - Canada's main stock index fell on Friday, with a drop in oil prices weighing on energy stocks and heavyweight financial names also slipping as investors worried about the country's growth prospects.

The index shed 1 percent on the week, after closing last week at a 16-month high.

"There's still concern over weak growth in Canada," said Bryden Teich, portfolio manager at Avenue Investment Management. "You're seeing a little bit of a pause."

He said investor unease was brought into focus by the Bank of Canada last week saying it had actively discussed adding more monetary stimulus to speed up economic recovery.   Continued...