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CANADA STOCKS-TSX falls, financials biggest drag amid broad-based losses

Published 2015-12-31, 11:04 a/m
CANADA STOCKS-TSX falls, financials biggest drag amid broad-based losses
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(Updates prices)
* TSX down 130.94 points, or 1.0 percent, to 13,011.35
* Nine of the TSX's 10 main groups were lower

TORONTO, Dec 31 (Reuters) - Canada's main stock index fell
on Thursday as financial sector stocks provided the biggest drag
amid broad-based losses ahead of the New Year's Day holiday on
Friday.
Royal Bank of Canada RY.TO fell 1.4 percent to C$74.54,
while Toronto-Dominion Bank TD.TO was down 1.2 percent at
C$54.33.
The overall financial services sector fell 1.4 percent.
Railway stocks also headed lower, including a 2.0 percent
drop in Canadian National Railway Co CNR.TO to C$76.80.
Air Canada AC.TO fell 0.7 percent. Turbulence on one of
the airline's flights from China injured multiple passengers on
Wednesday, forcing it to land in Calgary, Alberta.
At 10:42 a.m. EST (1542 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE fell 130.94 points, or 1.0
percent, to 13,011.35, with nine of the index's 10 main groups
in negative territory.
The resource-linked market is on track to fall 11 percent in
2015, pressured by the steep drop in crude oil prices. For the
holiday shortened week, it has fallen 2.2 percent.
The materials group fell 1.1 percent, including a 2.1
percent drop in Potash Corporation of Saskatchewan Inc POT.TO
to C$23.72.
Energy stocks were little changed as crude oil prices
unwound earlier losses.
U.S. crude CLc1 prices were up 0.3 percent to $36.71 a
barrel, while Brent crude LCOc1 added 0.9 percent to
$36.79. O/R

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