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CANADA STOCKS-TSX falls with energy stocks as oil price slips

Published 2016-03-14, 10:21 a/m
© Reuters.  CANADA STOCKS-TSX falls with energy stocks as oil price slips
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(Adds details, updates prices)
* TSX down 93.96 points, or 0.69 percent, to 13,428.04
* Eight of the TSX's 10 main groups retreat

TORONTO, March 14 (Reuters) - Canada's main stock index fell
on Monday as energy companies followed oil prices lower, while
banks also weighed.
Crude prices CLc1 LCOc1 fell about 3 percent after Iran
quashed hopes of a quick deal by major producers to freeze
output. O/R
The three most influential weights on the index were energy
companies, with Suncor Energy Inc SU.TO down 1.4 percent at
C$34.14 and Canadian Natural Resources CNQ.TO falling 1.2
percent to C$35.69.
Pipeline operators also fell, with Enbridge Inc ENB.TO off
1.8 percent to C$50.30 and TransCanada Corp TRP.TO down 1.1
percent to C$47.09.
Veresen Inc VSN.TO slumped 11.6 percent to C$7.54 after
its application to build an LNG export terminal and natural gas
pipeline was rejected.
Overall, the energy group retreated 2.2 percent.
At 10:07 a.m. EST (1407 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was down 93.96 points, or 0.69
percent, to 13,428.04.
Eight of the index's 10 main groups were in negative
territory, with industrials and healthcare stocks rising.
The financials group slipped 0.2 percent.
Royal Bank of Canada RY.TO fell 0.4 percent to C$73.96 and
Toronto-Dominion Bank TD.TO declined 0.3 percent to C$54.99.
Canadian home prices rose in February, driven by a surge in
the already strong Vancouver market, data showed, in the latest
sign of a growing divide in the country's real estate sectors.

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