CANADA STOCKS-TSX's energy gain loses steam, index ends lower

Mon Dec 12, 2016 5:18pm EST
 
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(Adds analyst comment, updates prices to close)

* TSX ends down 24.50 points, or 0.16 percent, at 15,287.70

* Six of the TSX's 10 main groups move lower

By Alastair Sharp

TORONTO, Dec 12 (Reuters) - Canada's main stock index ended slightly lower on Monday, breaking a six-day rally, as railway stocks weighed and an early jump in energy stocks lost steam.

The Toronto Stock Exchange's S&P/TSX composite index has gained some 800 points since mid-November as prices for crude oil, a major Canadian export, have jumped.

It settled down 24.50 points, or 0.16 percent, at 15,287.70 after hitting a fresh 19-month high.

"It's a combination of exhaustion and people not wanting to get too far ahead of themselves ahead of the Fed," said Colin Cieszynski, senior market analyst at CMC Markets Canada.

The U.S. Federal Reserve is widely expected to raise interest rates on Wednesday, with attention focused on the likely pace of any further hikes in 2017.   Continued...