CANADA STOCKS-TSX posts biggest tumble in nearly 2 months as commods slide

Fri Nov 11, 2016 5:26pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager quotes, details on Enbridge, updates prices)

* TSX ends down 188.84 points, or 1.28 percent, at 14,555.41

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

* Index rises 0.3 percent for the week

By Fergal Smith

TORONTO, Nov 11 (Reuters) - Canada's main stock index tumbled the most since mid-September on Friday as lower commodity prices pressured the shares of energy and mining companies, while financials and industrials also lost ground.

The Toronto Stock Exchange's S&P/TSX composite index closed down 188.84 points, or 1.28 percent, at 14,555.41.

Losses for the index left it just 0.3 percent higher for the week and below the 14,656.84 level it closed at on Tuesday before the result of the U.S. presidential election.

"We still have a defensive positioning," said Manash Goswami, portfolio manager at First Asset Investment Management.   Continued...