UPDATE 4-Toronto stocks fall with weak financials, oils
* TSX falls more than 200 points as financials weigh
* Inflation worries hit banks, consumer stocks
* Oil stocks weaken despite stronger oil price
By Cameron French
TORONTO, June 20 (Reuters) - The Toronto Stock Exchange's main index fell more than 200 points on Friday as financial issues were hurt by inflation fears and worries over more U.S. mortgage-related problems, while consumer stocks also fell.
The S&P/TSX composite index .GSPTSE slid 209.48 points, or 1.42 percent, to close at 14,580.67, as all ten TSX subgroups lost ground.
Inflation worries weighed on both financials and consumer stocks, after Bank of Canada Governor Mark Carney said late on Thursday that rising energy prices could lead to higher inflation.
"There's some worry that interest rates may not fall any further, and may even start to rise, which in turn would squeeze the banks' margins," said Gavin Graham, chief investment officer at Guardian Group of Funds. Continued...