CANADA STOCKS-TSX retreats as concern over Greece spurs caution

Wed Apr 22, 2015 11:04am EDT
 
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(Adds stock moves details, analyst's comment)

* TSX falls 101.13 points, or 0.66 percent, to 15,245.31

* Nine of the index's 10 main sectors decline

By Solarina Ho

TORONTO, April 22 (Reuters) - Canada's main stock index fell broadly on Wednesday with financial shares leading the retreat as concern over the Greek debt crisis sparked general investor caution amid mixed corporate earnings reports.

Six of the index's 10 most influential declining stocks were from the heavily weighted financial group, which fell 0.9 percent. Among them, Toronto-Dominion Bank dropped 1.0 percent to C$55.42, and Royal Bank of Canada declined 0.9 percent to C$79.59.

"Everything's down today ... Europe's come back to center stage in terms of what's going to happen to Greece," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.

"People are also concerned about debt levels of the consumer, concerned about housing, concerned about the general sluggishness of the Canadian economy."

At 10:31 a.m. EDT (1431 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 101.13 points, or 0.66 percent, at 15,245.31.   Continued...