CANADA STOCKS-TSX pulled down by oil price fall, economic unease

Mon Jan 18, 2016 5:21pm EST
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(Adds strategist comment, details; updates prices)

* TSX ends down 131.29 points, or 1.09 percent, at 11,942.17

* All 10 of the TSX's main groups fall

By Alastair Sharp

TORONTO, Jan 18 (Reuters) - Canada's main stock index fell on Monday, with energy shares down 2.5 percent after oil prices hit 2003 lows and worries about broader economic weakness weighing on consumer stocks.

Canadian Oil Sands Ltd popped 10 percent higher to C$8.27 after succumbing to Suncor Energy Inc's sweetened offer, while almost every other energy stock fell.

Suncor declined 4.6 percent to C$29.77 and Canadian Natural Resources Ltd lost 2.1 percent to C$23.92.

Oil prices slumped below $28 per barrel as traders braced for a rise in Iranian exports after sanctions against Tehran were lifted over the weekend.

"If you had a solid, sharp bounce back above $30 that might have done something for sentiment, but as it stands it's really hard for the index to get much traction," said Elvis Picardo, strategist at Global Securities in Vancouver.   Continued...