CANADA STOCKS-TSX retreats on slide in resource stocks

Fri Nov 27, 2015 4:44pm EST
 
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(Adds portfolio manager quotes, updates prices)

* TSX down 56.95 points, or 0.42 percent, to 13,368.24

* Four of the TSX's 10 main groups lower

By Fergal Smith

TORONTO, Nov 27 (Reuters) - Canada's main stock index closed lower on Friday, driven by weakness in resource shares after a plunge in China equities weighed on commodity prices.

Trading was thin, with Wall Street closing early following Thursday's holiday.

"It's commodities again, generally, that are hurting the Toronto market and they will continue to do so until their prices bottom," said Norman Levine, managing director at Portfolio Management Corp.

The energy sector fell 1.4 percent, pressured by a 3 percent tumble in U.S. crude oil prices.

Canadian Natural Resources Ltd fell 2.8 percent to C$31.77, while Cenovus Energy Inc was down 1.6 percent at C$19.47.   Continued...