CANADA STOCKS-Bank, energy shares pull TSX lower in choppy trade

Wed Mar 4, 2015 11:08am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX down 114.71 points, or 0.76 percent, at 15,019.74

* All of 10 main index sectors decline

* Energy shares slipped 1.4 percent

By John Tilak

TORONTO, March 4 (Reuters) - Canada's main stock index fell in volatile trading on Wednesday as shares of banks declined after recent quarterly earnings reports and energy shares slipped after the price of crude oil dropped.

Bank shares have been choppy since the major banks began reporting results last week. It was a mixed quarter overall, with Bank of Nova Scotia capping off the earnings season by posting a weaker-than-expected quarterly profit on Tuesday.

Investors also processed news that the Bank of Canada held rates steady and voiced satisfaction with how the market and the economy had reacted to its rate cut in January.

The benchmark TSX declined for a second straight session, and every major sector was trading in the red.

"The North American markets look fatigued, and a brief pause may be in order," said Stan Wong, director of wealth management and portfolio manager at Scotia McLeod.   Continued...