CANADA STOCKS-TSX falls as weak data weighs on financials

Tue Apr 5, 2016 10:26am EDT
 
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(Adds details, updates prices)

* TSX down 60.18 points, or 0.45 percent, at 13,275.97

* Seven of the TSX's 10 main groups fall

TORONTO, April 5 (Reuters) - Canada's main stock index lost ground on Tuesday as financial stocks weighed after the country's trade deficit unexpectedly jumped and exports slumped, while energy companies pulled back with oil prices near a one-month low.

The most influential weights on the index were its heavyweight banks, with Royal Bank of Canada falling 0.7 percent to C$74.26 and Toronto-Dominion Bank off 0.8 percent to C$55.70.

The overall financials group slipped 0.8 percent. Insurer Manulife Financial Corp declined 1.7 percent to C$17.69.

Exports slumped by their most in nearly seven years in February, data showed, after hitting a record high in January.

The energy group retreated 0.6 percent, as oil traded near one-month lows after a surprise fall in gasoline demand in the United States, the world's largest oil consumer.

At 9:57 a.m. EDT (1357 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 60.18 points, or 0.45 percent, at 13,275.97.   Continued...