CANADA STOCKS-TSX falls with banks, industrial stocks

Tue Mar 22, 2016 4:21pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager comment, updates prices to close)

* TSX ends down 67.60 points, or 0.50 percent, at 13,493.49

* Seven of the TSX's 10 main groups fall

By Alastair Sharp

TORONTO, March 22 (Reuters) - Canada's main stock index ended lower on Tuesday, with losses for financial, industrial and materials stocks partially offset by gains for energy companies and utilities.

The index recovered some losses in afternoon trade after deadly blasts in Brussels had prompted a flight to safe-haven assets.

The Toronto Stock Exchange's S&P/TSX composite index settled down 67.60 points, or 0.50 percent, at 13,493.49. Seven of its 10 main sectors retreated.

Travel-related stocks fell, with Air Canada down 2.3 percent at C$8.95 and Westjet Airlines Ltd lost 2.6 percent at C$19.50. Canadian National Railway fell 2.4 percent to C$79.56. Industrials fell 1.4 percent.

Rick Hutcheon, president and chief operating officer at RKH Investments, said the index has likely turned a corner from a January trough but that investors can expect choppy moves higher from here.   Continued...