CANADA STOCKS-TSX falls to 3-week low as energy shares track oil lower

Thu Nov 3, 2016 5:22pm EDT
 
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(Adds portfolio manager quotes, details on Canadian Natural Resources and healthcare stocks, updates prices)

* TSX ends down 11.3 points, or 0.08 percent, at 14,583.42

* Eight of the index's 10 main groups fall

By Fergal Smith

TORONTO, Nov 3 (Reuters) - Canada's main stock index fell on Thursday to a three-week low as weaker oil prices sparked a sell-off in energy shares, but the financials and materials groups gained ground.

The Toronto Stock Exchange's S&P/TSX composite index fell 11.3 points, or 0.08 percent, to 14,583.42, its lowest close since Oct. 11.

Canadian shares were buffeted as Wall Street stocks extended recent losses. The S&P 500 fell for the eighth straight session.

"It is tough for Canada to get out of the way of that, especially when energy prices are falling, even though the U.S. dollar is weakening," said Matt Skipp, president of SW8 Asset Management.

U.S. crude oil futures settled 68 cents lower at $44.66 a barrel as investors reeled from a record weekly surge in U.S. crude inventories.   Continued...