CANADA STOCKS-TSX hit by oil price slump, China worries

Tue Sep 1, 2015 5:14pm EDT
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(Adds strategist comment, updates prices to close)

* TSX ends down 377.22 points, or 2.72 percent, at 13,481.90

* All 10 of index's main groups close lower

* Energy stocks fall 4.6 pct, financials lose 2.8 pct

By Alastair Sharp

TORONTO, Sept 1 (Reuters) - Canada's main stock index fell 2.7 percent on Tuesday, in a broad retreat led by financial and energy stocks as oil prices slumped, weak Chinese data renewed fears of slowing growth, and Canada officially slipped into recession.

Canada's energy sector, a major force on the index, dropped 4.6 percent as crude tumbled after a three-day rally.

The financial sector, which accounts for more than 35 percent of the index's weight, fell 2.8 percent.

Overall, the Toronto Stock Exchange's S&P/TSX composite index declined 377.22 points, to close at 13,481.90.   Continued...