CANADA STOCKS-TSX hits 2-week low as financial and energy stocks drop

Thu Mar 24, 2016 11:05am EDT
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* TSX down 62.45 points, or 0.47 percent, at 13,317.03

* Seven of the TSX's 10 main groups were lower

TORONTO, March 24 (Reuters) - Canada's main stock index fell to a two-week low on Thursday, with financial-sector and energy stocks declining as a drop in oil prices weighed on the resource-linked index.

The most influential movers on the index were bank stocks, including Royal Bank of Canada, which fell 1.4 percent to C$73.93, and Bank of Nova Scotia, which declined 1.6 percent to C$62.26.

The heavily weighted financials group fell 1.3 percent, while the energy group was down 1.1 percent.

Suncor Energy Inc fell 0.8 percent to C$35.30, while Canadian Natural Resources was down 1 percent at C$34.42.

U.S. crude prices were down 2.8 percent at $38.66 a barrel, dented by record-high stockpiles in the United States and a stronger dollar.

At 10:42 a.m. EDT (1442 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 62.45 points, or 0.47 percent, at 13,317.03. It touched its lowest since March 7 at 13,255.47.

Seven of the index's 10 main groups were lower.   Continued...