CANADA STOCKS-Resource stocks weigh on TSX, investors cautious ahead of Fed

Mon Mar 14, 2016 5:16pm EDT
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(Adds investment manager quote, details, updates prices to close)

* TSX ends down 44.46 points, or 0.33 percent, at 13,477.54

* Seven of the TSX's 10 main groups retreat

By Alastair Sharp

TORONTO, March 14 (Reuters) - Canada's main stock index fell on Monday as lower commodity prices weighed on miners and energy companies and investors took a cautious approach ahead of a U.S. Federal Reserve policy decision.

U.S. crude oil prices fell about 3 percent after Iran quashed hopes of a quick deal by major producers to freeze output and oversupply concerns resurfaced after a six-week recovery in prices.

"It's a story about oil, and then we're waiting for the Fed later this week," said John Stephenson, president at Stephenson & Company Capital Management.

The Toronto Stock Exchange's S&P/TSX composite index ended down 44.46 points, or 0.33 percent, at 13,477.54.

Seven of the index's 10 main groups ended in negative territory, with industrial and consumer stocks rising.   Continued...