* TSX down 114.12 points, or 0.82 percent, to 13,759.88
points
* Nine of the TSX's 10 main groups were lower
TORONTO, April 25 (Reuters) - Canada's main stock index fell
on Monday as lower oil prices weighed on energy stocks, while
financial sector and industrial stocks also retreated as
investor attention turned to the Federal Reserve interest rate
meeting this week.
Energy stocks fell 2.2 percent, including a 1.9 percent
decline in Suncor Energy Inc SU.TO to C$35.62.
Shares of Precision Drilling Corp PD.TO fell 5 percent to
C$5.70. The rig contractor posted a first-quarter loss, compared
with a profit a year earlier, hurt by lower demand for rigs amid
a prolonged slump in oil prices.
Oil prices fell following three weeks of higher prices. U.S.
crude CLc1 prices were down 0.7 percent to $43.44 a barrel.
The most influential movers on the index included
heavyweight bank stocks. Toronto-Dominion Bank TD.TO fell 1.1
percent to C$55.56, while Bank of Nova Scotia BNS.TO was down
0.9 percent at C$64.68. The overall financials group declined
0.8 percent.
The industrials group also dragged, falling 1 percent,
including losses for railway stocks.
At 10:54 a.m. EDT (1454 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE fell 114.12 points, or 0.82
percent, to 13,759.88. Nine of the index's 10 main groups were
lower.
Shares of Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO
rose 3.8 percent to C$47.28. The company named Joseph Papa as
its chief executive officer, the day after he resigned from the
top spot at drugmaker Perrigo Co (NYSE:PRGO) Plc PRGO.N .
Bombardier Inc BBDb.TO rallied 4.4 percent to C$1.79.
Reports that the company is involved in launching an airline in
Iran are inaccurate, the Canadian planemaker said on Sunday,
although it confirmed it was in talks for sales as its executive
chairman visited the country to drum up business.
U.S. Federal Reserve policymakers are expected to hold
interest rates steady when they meet this week, but may tweak
their description of the economic outlook to leave the path open
for future rate rises.