CANADA STOCKS-TSX posts largest drop since September on travel curb jitters

Mon Jan 30, 2017 11:24am EST
 
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(Adds details throughout on stocks and sectors and updates prices)

* TSX down 203.44 points, or 1.31 percent, at 15,372.37

* All of the TSX's 10 main groups were lower

TORONTO, Jan 30 (Reuters) - Canada's main stock index fell to a nearly two-week low on Monday and was on track for its deepest loss since September after a travel ban implemented by U.S. President Donald Trump triggered uncertainty for investors.

Wall Street also lost ground after Trump on Friday signed executive orders to bar admission of Syrian refugees and suspend travel to the United States from Syria, Iraq, Iran and four other countries on the grounds of national security.

Canada will offer temporary residency to any travelers stranded by the ban.

At 11:01 a.m. ET (1601 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 203.44 points, or 1.31 percent, to 15,372.37. It last lost more than 1.3 percent on Sept. 13, while it touched its lowest intraday since Jan. 18 at 15,368.80.

Lower oil prices were an additional drag on energy stocks, with Canadian Natural Resources Ltd declining 3.9 percent to C$38.74 and the overall energy group slumping to its lowest since mid-November, down 3 percent.

The energy group got a boost last week from revived prospects for the Keystone XL pipeline, but investors have been worried about a potential U.S. border adjustment tax.   Continued...