CANADA STOCKS-TSX falls as oil prices, housing data drags energy, financials

Mon Jun 5, 2017 11:27am EDT
 
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* TSX down 52.07 points, or 0.34 percent, to 15,390.68

* All 10 of the TSX's main groups fall

By Solarina Ho

TORONTO, June 5 (Reuters) - Canada's main stock index fell on Monday as financial stocks dipped amid signs of cooling in Toronto's overheated housing market and falling oil prices, weakened by concerns of a diplomatic rift in the Middle East, hurt energy stocks.

At 11:08 a.m. ET (1508 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 52.07 points, or 0.34 percent, to 15,390.68, after sliding as much as 97.81 points to 15,344.94 in earlier trading and then briefly turning positive.

All 10 of the index's main groups lost ground.

Healthcare was the biggest decliner, with Valeant Pharmaceuticals Inc falling 4.4 percent to C$16.15. The sector was down 2 percent.

Energy stocks, which briefly reversed course mid-morning, retreated again, and were down 0.4 percent, with Cenovus Energy falling 1.6 percent to C$11.42.

Top crude exporter Saudi Arabia, along with other countries in the region, cut ties with Qatar, accusing it of undermining regional stability. Uncertainty over the impact saw crude prices rise initially before changing course on worries it could hurt a global deal to scale back oil production.   Continued...