CANADA STOCKS-TSX falls on U.S. protectionism risk, lower oil prices
(Adds comments by portfolio manager, details on risks to NAFTA; updates prices)
* TSX closes down 67.75 points, or 0.44 percent, at 15,480.13
* Eight of the TSX's 10 main groups end lower
By Fergal Smith
TORONTO, Jan 23 (Reuters) - Canada's main stock index fell on Monday, pressured by lower oil prices and risk of a more protectionist United States under its new president, Donald Trump.
The Toronto Stock Exchange's S&P/TSX composite index reached a more than two-year high earlier this month, helped by an agreement in November by major oil producers to cut output and by prospects of U.S. economic stimulus. But the rally has lost some momentum as investor attention shifted to Trump's push to renegotiate the North American Free Trade Agreement.
"That creates a lot of anxiety for Canadian investors," said Ian Scott, equity analyst at Manulife Asset Management.
"I think there is a recalibration here as we get a sense of what this is going to mean for Canada going forward."
The head of a business advisory council to Trump played down the risk to Canada from any changes to NAFTA. Still, Canadian Prime Minister Justin Trudeau and his Cabinet held a two-day retreat in Calgary, Alberta, to discuss U.S. ties. Continued...