CANADA STOCKS-TSX falls as energy stocks, banks weigh; adds 1.7 pct on week

Fri Sep 23, 2016 5:10pm EDT
 
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(Adds portfolio manager comment, updates prices to close)

* TSX closes down 99.25 points, or 0.67 percent, at 14,697.93

* Eight of the TSX's 10 main groups end lower

* Index gains 1.7 pct over the week

By Alastair Sharp

TORONTO, Sept 23 (Reuters) - Canada's benchmark stock index fell on Friday after a strong rally earlier this week, with energy stocks slipping on slumping oil prices on growing skepticism that a deal to curb output could be struck next week.

The Toronto Stock Exchange's S&P/TSX composite index ended down 99.25 points, or 0.67 percent, at 14,697.93. Still, it notched a 1.7 percent weekly gain.

"We had a number of good days in a row and the TSX is on absolute fire this year. It can't go up every day," said Barry Schwartz, portfolio manager at Baskin Financial Services.

Eight of the index's 10 main groups ended lower.   Continued...