CANADA STOCKS-TSX falls as oil price dip puts pressure on energy shares

Wed Jun 7, 2017 11:56am EDT
 
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(Adds details throughout on sectors and stocks; updates prices)

* TSX falls 101.49 points, or 0.66 percent, to 15,363.07

* Nine of the index's 10 main groups lose ground

* Energy falls 2.8 percent

TORONTO, June 7 (Reuters) - Canada's main stock index fell on Wednesday as a sharp drop in oil prices put pressure on energy shares, while the financials group was little changed even as an analyst upgrade boosted insurer Sun Life Financial Inc.

Some of the biggest weights on the index were Canadian Natural Resources Ltd falling 3.0 percent to C$38.42 and the overall energy group was down 2.8 percent.

Oil extended earlier losses after U.S. data showed a surprise build in U.S. crude inventories. U.S. crude prices were down 4.2 percent at $46.19 a barrel.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 0.8 percent.

Gold prices dipped but held near seven-month highs with sentiment still bullish because of political uncertainty created by two events on Thursday - a general election in Britain and U.S. Senate testimony by former FBI director James Comey, who was fired by President Donald Trump in May.   Continued...