CANADA STOCKS-TSX down with oil, banks fall on bond yield dip

Thu Jun 9, 2016 10:25am EDT
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(Adds details from early trade, updates prices)

* TSX falls 88.99 points, or 0.62 percent, to 14,224.11

* Eight of the TSX's 10 main groups move lower

TORONTO, June 9 (Reuters) - Canada's main stock index fell on Thursday as a pullback in crude oil prices weighed on energy stocks after three days of gains that pushed oil to 2016 highs.

Financial stocks also pulled the Toronto Stock Exchange's S&P/TSX composite index lower, hurt by a fall in global bond yields as investors moved on waning expectations of higher U.S. interest rates.

The most influential movers on the index included Manulife Financial, which declined 2 percent to C$18.64.

Royal Bank of Canada fell 1.1 percent to C$78.92, Toronto-Dominion Bank lost 0.9 percent to C$57.08, and the heavyweight financials group slipped 0.9 percent overall.

The energy group retreated 0.9 percent, with Canadian Natural Resources down 0.7 percent to C$38.32.

U.S. crude prices were down 1.4 percent at $50.52 a barrel, while Brent lost 1.3 percent to $51.84.   Continued...