CANADA STOCKS-TSX declines as investors are cautious ahead of Fed

Wed Mar 18, 2015 10:38am EDT
 
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* TSX down 30.60 points, or 0.21 percent, at 14,867.93

* Seven of 10 main index sectors fall

* TD, TransCanada are market's most influential decliners

By John Tilak

TORONTO, March 18 (Reuters) - Canada's main stock index slipped on Wednesday as investors were nervous ahead of Federal Reserve comments expected to clarify the U.S. central bank's plans to raise interest rates.

The Fed is expected to release a statement this afternoon, which will be followed by a press conference by Chair Janet Yellen.

Oil prices slumped on increasing crude inventories, pressuring shares of energy producers.

Investors refrained from taking big positions ahead of the Fed statement.

"The market is struggling. Investors are sitting and watching. There's not a lot of buying enthusiasm," said Douglas Davis, vice chairman at Davis-Rea.   Continued...