CANADA STOCKS-Resource stocks weigh on TSX, investors cautious ahead of Fed
(Adds investment manager quote, details, updates prices to close)
* TSX ends down 44.46 points, or 0.33 percent, at 13,477.54
* Seven of the TSX's 10 main groups retreat
By Alastair Sharp
TORONTO, March 14 (Reuters) - Canada's main stock index fell on Monday as lower commodity prices weighed on miners and energy companies and investors took a cautious approach ahead of a U.S. Federal Reserve policy decision.
U.S. crude oil prices fell about 3 percent after Iran quashed hopes of a quick deal by major producers to freeze output and oversupply concerns resurfaced after a six-week recovery in prices.
"It's a story about oil, and then we're waiting for the Fed later this week," said John Stephenson, president at Stephenson & Company Capital Management.
The Toronto Stock Exchange's S&P/TSX composite index ended down 44.46 points, or 0.33 percent, at 13,477.54.
Seven of the index's 10 main groups ended in negative territory, with industrial and consumer stocks rising. Continued...