CANADA STOCKS-TSX falls in broad retreat led by energy stocks

Mon Jan 9, 2017 10:56am EST
 
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(Adds details on specific stocks, updates prices)

* TSX down 106.7 points, or 0.69 percent, at 15,389.35

* Two decliners for every gainer

TORONTO, Jan 9 (Reuters) - Canada's main stock index fell in morning trading on Monday, led by a retreat among energy stocks as oil prices lost ground, while financial, consumer, telecom and industrial stocks also weighed.

At 10:31 a.m. EST (1531 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 106.7 points, or 0.69 percent, at 15,389.35. There were two decliners for every gainer.

Among the most influential movers on the index were some of its biggest oil and gas producers and major financial stocks.

The energy group retreated 2 percent, while financials slipped 0.7 percent.

Suncor Energy Inc lost 1.3 percent to C$43.52, and Canadian Natural Resources Ltd fell 2.4 percent to C$42.12 as oil prices fell more than 2 percent.

Signs of growing U.S. production outweighed optimism that many other oil producers, including Russia, were sticking to a deal to cut supplies to bolster the market.   Continued...