CANADA STOCKS-TSX ends lower as Fed backs off stimulus talk

Thu Jul 14, 2011 4:16pm EDT
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TORONTO, July 14 (Reuters) - Toronto's main stock index closed lower on Thursday as U.S. Federal Reserve Chairman Ben Bernanke backed off an earlier signal he was ready to take new action to ease monetary policy.

The suggestion of further stimulus measures in comments on Wednesday had initially cheered investors. While Bernanke said on Thursday he stood ready to inject more money if the U.S. economy worsened, he also said the time had not yet come to do so. [ID:nN1E76D0IG]

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE unofficially closed down 72.02 points, or 0.54 percent, at 13,252.92. Seven of the 10 main sectors fell. (Reporting by Ka Yan Ng; editing by Rob Wilson)