CANADA STOCKS-TSX suffers largest drop since February as oil slides

Fri Jun 10, 2016 4:48pm EDT
 
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(Adds portfolio manager quotes, updates prices)

* TSX closed down 202.48 points, or 1.42 percent, at 14,037.54

* It touched its lowest since June 1 at 14,003.74.

* All of the index's 10 main groups ended lower

* Index fell 1.3 percent for the week

By Fergal Smith

TORONTO, June 10 (Reuters) - Canada's main stock index posted its largest drop since February on Friday, falling to a one-week low as energy stocks tumbled with oil prices and global equity markets broadly moved lower.

The index ended 1.3 percent lower for the week after having touched on Wednesday its highest in nearly 10 months at 14,450.91.

"A large part (of the sell-off) has to do with profit taking," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.   Continued...