CANADA STOCKS-TSX falls as lower oil prices weigh on energy, financials retreat

Thu Apr 7, 2016 10:46am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX down 64.94 points, or 0.49 percent, to 13,282.52

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

TORONTO, April 7 (Reuters) - Canada's main stock index fell on Thursday as lower oil prices weighed on energy stocks, while the heavyweight financials group also fell as global shares dipped and investor appetite for risk weakened.

The most influential movers on the index included Toronto-Dominion Bank, which fell 1.1 percent to C$54.32, and Manulife Financial Corp, which declined 3.0 percent to C$17.5.

The overall financials group slipped 0.9 percent.

The energy group retreated 1.7 percent as crude oil prices fell. U.S. crude prices were down 1.8 percent at $37.07 a barrel.

Canadian Natural Resources Ltd declined 2.2 percent to C$34.24, while Suncor Energy Inc was down 1.2 percent at C$35.31.

At 10:35 a.m. EDT (1435 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 64.94 points, or 0.49 percent, to 13,282.52. Eight of the index's 10 main groups were lower.

Materials and healthcare were the only sectors that advanced.   Continued...