CANADA STOCKS-TSX falls 1 pct, energy is only rising sector

Wed Mar 25, 2015 4:45pm EDT
 
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* TSX ends down 151.89 points, or 1.01 percent, at 14,929.37

* Nine of 10 main index sectors decline

* Canadian Natural, Suncor are among most influential gainers

By Alastair Sharp

TORONTO, March 25 (Reuters) - Canada's main stock index fell 1 percent on Wednesday, with heavyweight banks and insurers weighing, while a bounce in oil prices helped some of the country's biggest oil and gas producers.

The overall slip was less severe than that seen in the United States, as investors fretted about economic data in Canada's largest trading partner.

"The trend in the last couple of days has been a reassessment of the short-term growth prospects out of the States," said Rick Hutcheon, president and chief operating officer at RKH Investments.

The Toronto Stock Exchange's S&P/TSX composite index closed down 151.89 points, or 1.01 percent, at 14,929.37. Of the 10 main sectors, only energy avoided a fall.

"The energy sector is coming back in favor," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier. "There's a little less pessimism."   Continued...