CANADA STOCKS-TSX falls as oil slide hits energy stocks

Wed Apr 19, 2017 5:23pm EDT
 
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(Adds advisor comment, details, updates prices to close)

* TSX ends down 69.69 points, or 0.45 percent, at 15,552.88

* Six of the TSX's 10 main groups decline

By Alastair Sharp

TORONTO, April 19 (Reuters) - Canada's main stock index fell on Wednesday as sliding oil prices weighed on energy stocks, while solid earnings boosted Rogers Communications Inc and BlackBerry Ltd gained on a deal to get its cyber security tools in front of more potential customers.

The energy group -- which accounts for one fifth of the index's weight -- fell 1.5 percent as oil hit a two-week low with a surprising build in U.S. gasoline inventories and rising U.S. crude output undercut efforts by other countries to reduce a global glut.

Canadian Natural Resources Ltd fell 1.2 percent to C$43.70 and Encana Corp lost 3.3 percent to C$14.88.

Offsetting the group's losses, Parkland Fuel Co jumped 6 percent to C$30.48 following news that would buy Chevron Corp's Canadian gasoline stations and British Columbia refinery for C$1.46 billion ($1.09 billion).

The Toronto Stock Exchange's S&P/TSX composite index fell steadily throughout the session to end down 69.69 points, or 0.45 percent, at 15,552.88. Six of the index's 10 main groups finished in the red.   Continued...