CANADA STOCKS-TSX falls as oil tumble weighs on energy, financial stocks

Tue Feb 2, 2016 5:22pm EST
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(Adds portfolio manager quotes, details on Manulife and WestJet; updates prices)

* TSX falls 232.11 points, or 1.83 pct, to 12,442.26

* Eight of the TSX's 10 main groups retreat

By Fergal Smith

TORONTO, Feb 2 (Reuters) - Canada's main stock index fell on Tuesday, with financial and energy stocks weighing as crude oil prices dropped on renewed concern about oversupply.

The index has fallen 3 percent so far this week as oil erased most of last week's four-day rally.

"We're still captive to the oil markets," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.

"It's hard to step up to the plate when every time you step up to the plate you strike out," he added.

The most influential movers on the index included its biggest bank by market capitalization, Royal Bank of Canada , which fell 1.7 percent to C$70.08, and Manulife Financial Corp, which was down 5.2 percent at C$18.21.   Continued...