CANADA STOCKS-TSX slips lower as Europe worries persist

Tue Jun 8, 2010 1:35pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX down 12.13 points, or 0.1 percent, at 11,492.41

* Energy, financial sectors lead slide (Updates prices, adds details, quotes)

By Claire Sibonney

TORONTO, June 8 (Reuters) - Toronto's main stock index struggled near the break-even mark on Tuesday afternoon, as risk aversion and worries over Europe's fiscal health offset optimistic remarks from Federal Reserve Chairman Ben Bernanke on the state of the U.S. economy.

The biggest decliners included the economically sensitive financial sector, down 0.6 percent, while the energy sector was off 0.15 percent.

Shares of Royal Bank of Canada RY.TO slipped 0.2 percent to C$52.40, with EnCana Corp ECA.TO down 0.8 percent at C$34.46.

"It's been another tough day ... I don't think anyone expects the debt is going to be restricted to just Greece or Portugal," said Michael Sprung, president of Sprung & Co. Investment Counsel.

"I think investors are beginning to turn their attention to the UK, which seems to be heading into the next problem ... and then eventually, we've got the U.S. to worry about."

At 1:00 p.m. (1700 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 12.13 points, or 0.1 percent, at 11,492.41.   Continued...