CANADA STOCKS-Energy stocks, banks lead TSX lower on economic concerns

Mon Aug 17, 2015 11:16am EDT
 
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(Adds analyst comment, economic data, updates price action)

* TSX down 51.25 points, or 0.36 percent, at 14,226.63

* Seven of the TSX's 10 main groups fall

By Alastair Sharp

TORONTO, Aug 17 (Reuters) - Canada's main stock index was in retreat on Monday, with heavyweight energy and banking stocks among the worst performers as oil prices fell and data from Japan and New York disappointed.

Gold miners were among the biggest gainers, as investors took more defensive positions amid economic uncertainty.

"We are getting some defensive capital flows again and some of that is going back into gold, with people getting worried about economies in China and Japan and even in Europe," said Colin Cieszynski, a senior market analyst at CMC Markets Canada.

Japan's economy shrank in the second quarter as exports fell and consumers cut back on spending, data showed.

Manufacturing activity in New York state plunged in August to its weakest since 2009.   Continued...