CANADA STOCKS-TSX eases after recent rally as energy, financials slip

Fri May 22, 2015 5:06pm EDT
 
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(Adds portfolio manager comment, updates prices to close)

* TSX ends down 2.85 points, or 0.02 percent, at 15,200.76

* Index gained 0.6 percent in holiday-shortened week

* Six of the TSX's 10 main groups fell

By Alastair Sharp

TORONTO, May 22 (Reuters) - Canada's main stock index barely retreated on Friday, with cooling energy and financial stocks weighing, after the index posted gains in four of the previous five sessions.

Investors took a cautious approach ahead of a U.S. trading holiday on Monday, though U.S. dollar strength hurt some energy stocks as crude prices slipped. Energy stocks were five of the 10 biggest negative weights on the Toronto Stock Exchange's S&P/TSX composite index.

Banks were also among the biggest losers ahead of their quarterly earnings due through the next week.

U.S. Federal Reserve Chair Janet Yellen provided further evidence that the central bank is poised to raise rates this year as the U.S. economy bounces back from an early-year slump.   Continued...