CANADA STOCKS-Drop in crude oil price drags TSX down

Fri Sep 11, 2015 4:34pm EDT
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(Adds portfolio manager comment, updates prices to close)

* TSX ends down 108.50 points, or 0.80 percent, at 13,461.39

* Seven of the TSX's 10 main groups fall

* Index off just 0.1 percent in short week

By Alastair Sharp

TORONTO, Sept 11 (Reuters) - Canada's main stock index fell on Friday as energy shares tumbled alongside the price of oil after Goldman Sachs cut its crude forecast.

Investors were also looking ahead to next week's meeting of the U.S. Federal Reserve, which could prove pivotal if the central bank decides to raise interest rates for the first time in nearly a decade.

"We're in a frustrating period," said Michael Sprung, president at Sprung Investment Management. "Certainly there's a lot of unknowns" both domestically and globally, he said.

The Toronto Stock Exchange's S&P/TSX composite index lost 108.50 points, or 0.8 percent, to close at 13,461.39. It was off just 0.1 percent in the holiday-shortened week.   Continued...