CANADA STOCKS-TSX falls; weak oil, U.S. data weigh on sentiment

Fri Nov 13, 2015 5:34pm EST
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(Updates for prices)

* TSX fell 51.76 points, or 0.39 percent, to 13,075.42

* Six of the TSX's 10 main groups were lower

By Fergal Smith

TORONTO, Nov 13 (Reuters) - Canada's main stock index extended this week's losses, recording its lowest close in more than six-weeks, as a new 2 1/2-month low for crude oil and softer-than-expected U.S. retail sales data weighed on investor sentiment.

The most influential movers on the index were Royal Bank of Canada, which fell 1.4 percent to C$73.94, and Toronto-Dominion Bank, which declined 1.2 percent to C$53.37, while the overall financials group tumbled 1.4 percent.

The overall consumer discretionary group retreated 1.3 percent, while telecoms fell 1.1 percent, including a 1.5 percent drop for Telus Corp.

"It's mainly driven by what's going on in the U.S. I mean U.S. retail sales were disappointing," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.

U.S. retail sales rose less than expected in October amid a surprise decline in automobile purchases, suggesting a slowdown in consumer spending.   Continued...