CANADA STOCKS-TSX suffers lowest close in six weeks as energy, banks fall

Fri Nov 4, 2016 5:13pm EDT
 
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(Adds portfolio manager quotes, updates prices)

* TSX ends down 74.17 points, or 0.51 percent, at 14,509.25

* Index falls 1.9 percent for the week, the most since February

* Nine of the TSX's 10 main groups end lower

By Fergal Smith

TORONTO, Nov 4 (Reuters) - Canada's benchmark stock index on Friday closed at its lowest in six weeks on declines in energy and banking shares, pressured by lower oil prices and an uncertain U.S. interest rate and political environment.

The Toronto Stock Exchange's S&P/TSX composite index closed down 74.17 points, or 0.51 percent, at 14,509.25, while on Wall Street, the S&P 500 ended lower for the ninth straight session, unnerved by a recent tightening in the U.S. presidential election race.

"The whole political environment is taking a lot of the excitement out of the market," said Susan Da Sie, senior portfolio manager at Manulife Asset Management, adding that the overhang could continue even after Tuesday's U.S. elections.

For the week, the TSX fell 1.9 percent, the largest one-week decline since February.   Continued...