CANADA STOCKS-TSX dragged lower by energy stocks as oil falls

Mon Jul 25, 2016 4:44pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds investment advisor comment, updates prices to close)

* TSX ends down 102.56 points, or 0.70 percent, at 14,498.10

* Six of the TSX's 10 main groups finish lower

* Energy shares plunge 3.7 pct; materials down 1.9 pct

By Alastair Sharp

TORONTO, July 25 (Reuters) - Canada's benchmark stock index lost ground on Monday, weighed by energy stocks that retreated with oil and to a lesser extent by gold miners hurt by lower prices for bullion.

The energy group fell 3.7 percent, as U.S. crude fell to a three-month low below $43 a barrel amid worries about a global supply glut and economic headwind.

The most influential weights on the index included its biggest oil and gas producers, with Canadian Natural Resources Ltd shedding 4.4 percent to C$39.74 and Suncor Energy Inc falling 3.3 percent to C$34.82.

"Until someone or something can make me understand why oil will go back to $60, $70, $80 a barrel I'm staying clear," said   Continued...