CANADA STOCKS-TSX at lowest in 7 weeks as Brexit hits financial shares

Mon Jun 27, 2016 5:02pm EDT
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(Adds comments, updates prices to close)

* TSX ends down 202.09 points, or 1.45 percent, at 13,689.79

* Index at lowest close since May 9

* Seven of the TSX's 10 main groups fall

By Alastair Sharp

TORONTO, June 27 (Reuters) - Canada's main stock index notched its lowest close in seven weeks on Monday, as the fallout from Britain's vote to leave the European Union pummeled financial stocks and energy shares fell with retreating oil prices.

The heavyweight financials sector fell 2.1 percent, to its weakest since early April, as uncertainty over London's position as a global financial hub weighed and investors sought to calculate the likely hit to global economic growth.

Oil prices plunged about 2 percent amid a rallying dollar and market uncertainty in the aftermath of Thursday's vote, while Canadian banks fell in sympathy with European peers.

The Toronto Stock Exchange's S&P/TSX composite index ended down 202.09 points, or 1.45 percent, at 13,689.79, its weakest close since May 9. Seven of its 10 main industry sectors fell, with three decliners for every gainer.   Continued...