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

Mon Jan 9, 2017 5:12pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager comment, updates prices to close)

* TSX ends down 107.10 points, or 0.69 percent, at 15,388.95

* Eight of 10 main index groups lose ground

* Two decliners for every gainer

By Alastair Sharp

TORONTO, Jan 9 (Reuters) - Canada's benchmark stock index finished lower on Monday as energy stocks fell with tumbling oil prices, and financial, telecom and industrial stocks also weighed on the market.

The Toronto Stock Exchange's S&P/TSX composite index ended down 107.10 points, or 0.69 percent, at 15,388.95. Two stocks declined for every gainer.

The most influential movers on the index included some of its biggest oil and gas producers, with the energy group down 2.5 percent overall as oil prices fell on fears that record Iraqi crude exports and growing U.S. output could undermine OPEC's efforts to reduce supply.

Canadian Natural Resources Ltd fell 3.1 percent to C$41.82, and Suncor Energy Inc lost 1.4 percent to C$43.49.   Continued...