CANADA STOCKS-TSX falls on lower oil prices, credit market uncertainty
(Adds portfolio manager comments, updates prices)
* TSX ended down 96.93 points, or 0.79 percent, at 12,185.72
* Five of the TSX's 10 main groups were lower
By Fergal Smith
TORONTO, Feb 10 (Reuters) - Canada's main stock index fell on Wednesday, hitting a two-week low as a drop in oil prices and credit market uncertainty weighed on energy and financial stocks.
The market closed lower for a fourth straight day despite reassurance from Federal Reserve Chair Janet Yellen about the U.S. economy's ability to absorb a gradual rise in interest rates.
The weak oil price "continues to put pressure on the index," said Youssef Zohny, a portfolio manager at StennerZohny Investment Partners.
U.S. crude prices fell 2 percent after stockpiles at the main U.S. delivery point hit record highs.
Canadian Natural Resources Ltd fell 2.7 percent to C$27.36, while Cenovus Energy Inc was down 8.4 percent at C$13.52. The overall energy group fell 2.7 percent. Continued...