CANADA STOCKS-TSX falls as energy, financial stocks retreat

Mon Apr 25, 2016 11:13am EDT
 
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* TSX down 114.12 points, or 0.82 percent, to 13,759.88 points

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

TORONTO, April 25 (Reuters) - Canada's main stock index fell on Monday as lower oil prices weighed on energy stocks, while financial sector and industrial stocks also retreated as investor attention turned to the Federal Reserve interest rate meeting this week.

Energy stocks fell 2.2 percent, including a 1.9 percent decline in Suncor Energy Inc to C$35.62.

Shares of Precision Drilling Corp fell 5 percent to C$5.70. The rig contractor posted a first-quarter loss, compared with a profit a year earlier, hurt by lower demand for rigs amid a prolonged slump in oil prices.

Oil prices fell following three weeks of higher prices. U.S. crude prices were down 0.7 percent to $43.44 a barrel.

The most influential movers on the index included heavyweight bank stocks. Toronto-Dominion Bank fell 1.1 percent to C$55.56, while Bank of Nova Scotia was down 0.9 percent at C$64.68. The overall financials group declined 0.8 percent.

The industrials group also dragged, falling 1 percent, including losses for railway stocks.

At 10:54 a.m. EDT (1454 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 114.12 points, or 0.82 percent, to 13,759.88. Nine of the index's 10 main groups were lower.   Continued...