CANADA STOCKS-TSX slides on Greece concern, retail- sales setback
(Updates market action and adds analyst's comments)
* TSX drops 59.11 points, or 0.4 percent, to 14,711.53
* Index's financials sector hit hardest
* Seven of the TSX's 10 main groups fall
By Solarina Ho
TORONTO, June 19 (Reuters) - Canada's main stock index fell on Friday with the market disappointed by Canadian retail sales data and gripped by concern over the Greece debt crisis.
After two months of gains, retail sales slipped 0.1 percent in April from March as consumers spent less at food and electronic stores. Economists had expected a 0.7 percent rise.
The Greek crisis continued to dog the market, with investors hoping an emergency meeting of euro zone leaders next week will prevent Greece from defaulting on its debt at the end of the month.
"Everybody is primed for Greece," said Rick Hutcheon, president and chief operating officer at RKH Investments. Continued...