CANADA STOCKS-TSX edges lower as oil shares weigh

Mon May 11, 2015 11:42am EDT
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(Updates with analyst comment, market reaction, details)

* TSX down 12.3 points, or 0.08 percent, at 15,157.72

* Four of the TSX's 10 main groups lower

By Solarina Ho

TORONTO, May 11 (Reuters) - Canada's main stock index eased on Monday as slim gains by heavily weighted financial shares were offset by drops in energy companies on lower oil prices, with the market staying cautious as it continued to digest Friday's U.S. employment data.

Oil and gas shares were down 0.8 percent as U.S. crude prices dropped 0.7 percent at $58.96, while Brent crude lost 1.3 percent to $64.53.

Crescent Point Energy Corp was among the most influential decliners on the index, falling 3.01 percent to C$30. Pembina Pipeline Corp, which declined 2.6 percent to C$40.97, was also a key loser.

At 11:11 a.m. EDT (1511 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 12.3 points, or 0.08 percent, at 15,157.72.

Of the index's 10 main groups, four were in negative territory. Declining issues outnumbered advancing ones on the TSX by 130 to 103, for a 1.26-to-1 ratio on the downside.   Continued...