CANADA STOCKS-TSX hits a 2-week low on widespread sell-off

Fri Feb 24, 2017 11:28am EST
 
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(Adds details throughout on stocks and sectors and updates prices)

* TSX falls 167.07 points, or 1.06 percent, to 15,614.13

* All of the TSX's 10 main groups retreat

* Energy falls more than 2 percent

TORONTO, Feb 24 (Reuters) - Canada's main stock index hit a two-week low in Friday, extending its pullback from a record high in a broad-based sell-off that included losses for its heavyweight energy and financial services groups as oil prices fell.

At 10:50 a.m. ET (1550 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 167.07 points, or 1.06 percent, at 15,614.13. All of the index's 10 main groups were lower.

For the week, the index was on track to fall 1.4 percent, the most since before the U.S. presidential election in early November, while stocks on Wall Street also declined on Friday as investors assessed whether the "Trump rally" had gone too far too soon.

Royal Bank of Canada reported quarterly earnings of more than C$3 billion for the first time, beating market forecasts.

Still, its shares fell 0.9 percent to C$97.38, and the financial services sector retreated 0.8 percent.   Continued...