CANADA STOCKS-TSX falls 1.3 pct, touches 2012 low on oil rout

Wed Jan 20, 2016 4:52pm EST
 
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(Adds portfolio manager comments, updates prices)

* TSX ends down 159.13 points, or 1.33 percent, to 11,843.11

* Nine of the TSX's 10 main groups fall

By Alastair Sharp

TORONTO, Jan 20 (Reuters) - Canada's main stock index fell 1.3 percent on Wednesday, managing to pare some losses after plunging to an almost 3-1/2 year low as a rout in oil prices rumbled on and the Bank of Canada deciding against cutting rates.

The index had fallen nearly 4 percent earlier as energy and financial shares weighed heavily, with some seeing a good omen in the afternoon buying interest.

"I think we're getting to the end of the hysteria," said Rick Hutcheon, president and chief operating officer at RKH Investments. "Chances are we're getting to the point where the bulk of the damage has been done."

The Toronto Stock Exchange's S&P/TSX composite index ended down 159.13 points, or 1.33 percent, to 11,843.11. It had slumped as low as 11,531.22, its lowest level since Aug. 3, 2012.

Nine of the index's 10 main groups fell, with the materials group bucking the trend helped by rising gold miners.   Continued...