CANADA STOCKS-TSX in selloff mode as sentiment on U.S. economy sours

Tue May 5, 2015 5:09pm EDT
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(Adds comment from M.Y. Capital Management, details, closing figures)

* TSX down 193.53 points, or 1.26 percent, at 15,173.94

* All 10 of the main index sectors decline

By Solarina Ho

TORONTO, May 5 (Reuters) - Canada's main stock index tracked world equity markets lower on Tuesday as investors, concerned about U.S. growth prospects, shrugged off higher crude prices and pushed the index to its biggest one-day drop in two months.

Energy stocks fell despite crude prices that hit their highest levels of 2015, and the oil and gas sector was one of the index's biggest losers, retreating 1.3 percent.

In the group, Suncor Energy Inc lost 1.9 percent to C$38.33. Pipeline company TransCanada Corp shed 2.2 percent to finish at C$55.34.

Investors may have been positioning ahead of election results later on Tuesday in the oil-rich province of Alberta, where the left-wing New Democrats were in a position to win. Analysts have said that could have a negative impact on oil shares.

The Toronto Stock Exchange's S&P/TSX composite index fell 193.53 points, or 1.26 percent, to 15,173.94. The index is still up some 3.7 percent this year.   Continued...