(Adds details on sectors and stocks, updates prices)
* TSX down 224.34 points, or 1.62 percent, to 13,641.29
* All 10 of TSX's main groups were lower
TORONTO, May 3 (Reuters) - Canada's main stock index fell to
a two-week low on Tuesday as financials and energy stocks led
broad-based losses for the resource-linked market, while oil and
global stocks also fell.
Negative for investor sentiment, weak Chinese factory
activity stoked concerns about the health of the global economy
and European financial stocks fell after a string
of weak first-quarter earnings reports from banks.
The most influential movers on the index were Bank of Nova
Scotia, which fell 3.3 percent to C$63.03, and Royal Bank of
Canada, which declined 2.1 percent to C$76.1. The overall
financials group dropped 1.9 percent.
The shares of Encana Corp ECA.TO ECA.N fell 9.7 percent
to C$8.40. The oil and gas producer posted a
bigger-than-expected quarterly loss due to lower production amid
a steep fall in oil prices.
Suncor Energy Inc SU.TO fell 2.7 percent to C$34.62, while
Canadian Natural Resources Ltd CNQ.TO was down 3.9 percent at
C$35.24 and the overall energy group declined 3.5 percent.
U.S. crude CLc1 prices were down 2.1 percent to $43.84 a
barrel, while Brent crude LCOc1 lost 1.6 percent to
$45.09. O/R
At 10:46 a.m. EDT (1446 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE fell 224.34 points, or 1.62
percent, to 13,641.29. It touched its lowest since April 18 of
13,599.93. All 10 of the index's main groups were lower.
The materials group, which includes precious and base metals
miners and fertilizer companies, lost 2.1 percent. It included a
3.1 percent drop in the shares of Barrick Gold Corp ABX.TO to
C$23.22.
Spot gold XAU= dipped 0.4 percent.
Canada's WestJet Airlines Ltd WJA.TO reported a
higher-than-expected quarterly profit, helped by lower fuel
costs. Still its shares fell 2.6 percent to C$20.94.