CANADA STOCKS-TSX falls more than 1 percent on U.S. political risk

Mon Jan 30, 2017 5:20pm EST
 
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(Adds analyst quotes and updates prices)

* TSX ends down 170.69 points, or 1.1 percent, at 15,405.12

* Index posts its lowest close since Jan. 18

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

By Fergal Smith

TORONTO, Jan 30 (Reuters) - Canada's main stock index fell more than 1 percent to a nearly two-week low on Monday, with losses broad based after a travel curb ordered by U.S. President Donald Trump triggered a rethink by investors of U.S. political risk.

Wall Street also lost ground after an executive order issued by Trump on Friday banned immigration from seven Muslim-majority countries. Over the weekend, thousands of people rallied in major U.S. cities and at airports in protest.

"People are starting to think well if this is generating this kind of chaos over a weekend, what happens when he (Trump)starts picking the more serious trade fights with Mexico, with China, with other countries and what happens if Canada gets sideswiped," said Colin Cieszynski, senior market analyst at CMC Markets Canada.

The Toronto Stock Exchange's S&P/TSX composite index closed down 170.69 points, or 1.1 percent, at 15,405.12, its lowest close since Jan. 18.   Continued...