CANADA STOCKS-TSX falls as oil price slump hits energy and other stocks

Wed Dec 30, 2015 4:43pm EST
 
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(Adds portfolio manager quotes, details, updates prices)

* TSX down 103.34 points, or 0.78 percent, to 13,142.41

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

By Fergal Smith

TORONTO, Dec 30 (Reuters) - Canada's main stock index fell on Wednesday as the slide in crude oil prices hit energy stocks and weighed on other shares, but volume was light ahead of the New Year's Day holiday on Friday.

Crude oil prices tumbled following a surprise build in U.S. stockpiles. U.S. crude prices settled at $36.60 a barrel, down 3.4 percent.

"Oil is down over a dollar and that has put all the stocks down," said John Kinsey, portfolio manager at Caldwell Securities.

Suncor Energy Inc fell 1.9 percent to C$35.78, while Canadian Natural Resources Ltd was down 2.6 percent at C$30.32.

Enbridge Inc fell 1.1 percent to C$45.58. The company said on Tuesday it has halted operations on its Ozark pipeline due to flooding along the Mississippi River.   Continued...