CANADA STOCKS-TSX retreats from 19-month high ahead of Fed decision

Wed Dec 14, 2016 10:54am EST
 
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* TSX falls 62.14 points, or 0.4 percent, to 15,323.13

* Eight of the TSX's 10 main groups fall

TORONTO Dec 14 (Reuters) - Canada's main stock index retreated on Wednesday from a 19-month high the previous day as lower oil prices weighed on energy shares, while financials also lost ground as investors braced for the Federal Reserve's interest rate decision.

The most influential movers on the index included some of the country's major energy stocks. Canadian Natural Resources Ltd fell 2.5 percent to C$44.69, while Suncor Energy Inc was down 0.6 percent at C$43.51.

The overall energy group fell 1 percent.

Oil prices pared some recent gains following a reported rise in U.S. crude inventories and as OPEC signaled a growing crude surplus next year unless production cuts are implemented.

U.S. crude prices were down 0.9 percent at $52.48 a barrel.

At 10:38 a.m. EST (1538 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 62.14 points, or 0.4 percent, to 15,323.13.

On Tuesday, the index touched its highest since May 2015 at 15,414.57.   Continued...