Energy stocks push TSX lower as weak oil prices weigh

(Reuters) - Canada’s main stock index fell on Friday, hurt by energy stocks that fell after crude prices dropped on doubts over a recovery from the coronavirus crisis.* Oil edged further below $45 a barrel on Friday pressured by doubts about a demand recovery and rising supply.* The energy sector dropped 0.6% as U.S. crude and Brent crude prices lost about 0.5% each. [O/R]

FILE PHOTO: A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. Canada's main stock index was little changed on Monday as weakness in financial and energy shares offset gains in the materials sector. REUTERS/Mark Blinch

* At 09:40 a.m. ET (1340 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 68.49 points, or 0.41%, at 16,461.57.* Limiting losses on the index was data that showed Canadian manufacturing sales rose by a record 20.7% in June as many factories operated at a much higher capacity than in May.

* The Canadian dollar weakened against its U.S. counterpart on Friday as investor caution about taking on more risk offset stronger-than-expected domestic manufacturing data.

* The materials sector, which includes precious metal miners, lost 0.8% as gold futures slipped.[GOL/]

* On the TSX, 47 issues were higher, while 168 issues declined for a 3.57-to-1 ratio to the downside, with 15.05 million shares traded.

* The largest percentage gainer on the TSX was Spin Master Corp, which jumped 4.2%, after Jefferies raised its target price on the children’s entertainment company.

* Specialty packaging company Intertape Polymer Group, which rose 2.7%, after BMO raised its price target on the stock.

* The largest decliners were Algonquin Power & Utilities Corp, down 4.1%, and Sienna Senior Living Inc, down 2.7%, after the companies reported their quarterly results.

* The most heavily traded shares by volume were Zenabis Global, Enbridge and Magna International.

* The TSX posted no new 52-week high and no new low.

* Across all Canadian issues there were seven new 52-week highs and one new low, with total volume of 35.96 million shares.

Reporting by Shivani Kumaresan in Bengaluru; Editing by Amy Caren Daniel