CANADA STOCKS-TSX declines as energy shares dip with oil price

Tue Apr 21, 2015 4:19pm EDT
 
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(Adds updated prices, details and analyst's comment)

* TSX down 66.16 points, or 0.43 percent, at 15,346.44

* Five of the 10 main index groups fall

By Solarina Ho

TORONTO, April 21 (Reuters) - Canada's main stock index declined on Tuesday as shares of energy producers slipped with oil prices as worries about increasing U.S. inventories resurfaced.

The price of oil gave back 2 percent, reflecting weakness after a recent rebound in sentiment.

The benchmark TSX index's energy group retreated 1.5 percent as oil prices fell on a stronger U.S. dollar. Suncor Energy Inc fell 0.9 percent to C$39.92, and Canadian Natural Resources declined 2 percent to C$40.13.

"Given the gains we've seen lately, this is a normal trading correction," said Colin Cieszynski, chief market strategist at CMC Markets.

It does not look like the current oil price recovery has run out of gas, he added.   Continued...