CANADA STOCKS-TSX declines as bank weakness offsets energy gains

Fri Apr 17, 2015 5:15pm EDT
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(Adds fund manager's comment, details and updates prices)

* Index down 26.22 points, or 0.17 percent, at 15,360.55

* Seven of 10 main index sectors lower

By Alastair Sharp

TORONTO, April 17 (Reuters) - Canada's main stock ended moderately lower on Friday as some of the country's largest financial stocks retreated, while energy gains offset some of the damage.

Energy shares managed to shrug off a decline in crude prices, which came under pressure from signs that supply is still growing.

In the group, Canadian Natural Resources Ltd added 1 percent to C$41.25 and pipeline company Enbridge Inc advanced 0.6 percent to C$64.82.

Oil has bounced off March lows below $45 a barrel but is still far cheaper than it was a year ago.

"The fundamentals on oil are still relatively weak," said Marcus Xu, portfolio manager and president at M.Y. Capital Management Corp in Vancouver.   Continued...