CANADA STOCKS-TSX falls as lower oil rattles energy shares
* TSX down 17 points at 8,806.98
* Lower energy shares lead selloff
* Insurance stocks help limit slide (Adds details)
By Frank Pingue
TORONTO, April 8 (Reuters) - Toronto's main stock index was slightly lower on Wednesday morning as lower oil prices weighed on energy shares and more than offset the boost financials got from a report of U.S. government aid for life insurers.
A drop in the price of oil further below $50 pushed the energy sector down more than 1 percent and spoiled the chance of the index rebounding after four straight lower closes.
Shares of EnCana Corp ECA.TO were down 1.7 percent at C$51.94, while Talisman Energy TLM.TO shares dropped 2.9 percent to C$14.28.
The heavily weighted financial sector rose 0.4 percent and kept the market from skidding further after a newspaper report said the U.S. Treasury plans to extend the Troubled Asset Relief Program to certain life insurers. [ID:nN07494064]
Insurer Manulife Financial MFC.TO was up 0.8 percent at C$16.29, while Sun Life Financial SLF.TO was up 2.8 percent at C$24.42. Continued...