CANADA STOCKS-Energy stocks lead broad TSX fall as oil price drops

Tue Feb 2, 2016 10:15am EST
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(Adds details, updates prices)

* TSX falls 229.4 points, or 1.81 percent, to 12,444.97

* Nine of the TSX's 10 main groups retreat

TORONTO, Feb 2 (Reuters) - Canada's main stock index fell on Tuesday, with financial and energy stocks weighing as crude oil prices dropped on renewed concern about oversupply.

The most influential movers on the index included its biggest bank by market capitalization, Royal Bank of Canada , which fell 1.9 percent to C$69.93, and the No. 1 oil and gas company, Suncor Energy Inc, which declined 4.4 percent to C$30.42.

The energy group retreated 4.5 percent. Canadian Natural Resources, another major player in the sector, tumbled 4.1 percent to C$27.90.

Imperial Oil Ltd declined 3.9 percent to C$40.20 after the country's No.2 integrated oil producer and refiner reported a lower-than-expected quarterly profit.

Oil fell 5 percent, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts faded.

At 9:57 a.m. EST (1457 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 229.4 points, or 1.81 percent, at 12,444.97.   Continued...