CANADA STOCKS-TSX falls as banks, energy stocks weigh

Mon Feb 8, 2016 10:35am EST
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* TSX down 211.53 points, or 1.66 percent, at 12,552.46

* Nine of the TSX's 10 main groups fall

TORONTO Feb 8 (Reuters) - Canada's main stock index fell on Monday as heavyweight banking and energy stocks lost ground, offsetting gains among gold miners.

Oil and gas companies retreated 2.7 percent, while the financial group slipped 2 percent. Industrials fell 1.8 percent.

The most influential weights on the index included Royal Bank of Canada, which fell 2.1 percent to C$69.68, and Suncor Energy Inc, which lost 2.7 percent to C$31.02.

Oil prices fell as a meeting of producing countries Saudi Arabia and Venezuela showed few signs that steps would be taken to deal with a supply overhang.

Canadian banks followed their European counterparts lower as worries over global growth triggered stress in the financial sector.

At 10:17 a.m. EST (1517 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 211.53 points, or 1.66 percent, at 12,552.46.

Nine of the index's 10 main groups were in negative territory, with decliners outnumbering advancers by almost six to one.   Continued...