CANADA STOCKS-TSX falls with banks and oil stocks

Fri Nov 4, 2016 10:43am EDT
 
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(Adds details on specific stocks, updates prices)

* TSX down 65.28 points, or 0.45 percent, to 14,518.14

* Eight of the TSX's 10 main groups trade higher

TORONTO, Nov 4 (Reuters) - Canada's main stock index fell on Friday, weighed by retreats among heavyweight bank and energy shares as oil prices slid and solid U.S. jobs data added to the case for a Federal Reserve interest rate hike next month.

The index was on track for a 1.8 percent decline on the week.

At 10:13 a.m. EDT (1413 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 65.28 points, or 0.45 percent, to 14,518.14.

The energy group fell 1.6 percent, with Canadian Natural Resources Ltd down 2.7 percent to C$39.84. The oil sands producer was set to become the first to restart a deferred major project since the global oil price slump began in 2014.

Oil prices were down around 2 percent, on course for a sixth straight day of declines, on a surge in U.S. stockpiles and doubts about OPEC's ability to cut production.

The most influential weights also included several big banks, with Toronto-Dominion Bank down 1.1 percent to C$59.74 and Royal Bank of Canada off 0.9 percent to C$81.98.   Continued...