June 9, 2020 / 2:16 PM / 25 days ago

CANADA STOCKS-TSX falls as energy stocks slide due to lower oil prices

June 9 (Reuters) - Canada’s main stock index fell on Tuesday, dragged down by energy stocks as oil prices fell, while investors looked forward to the U.S. Federal Reserve’s two-day meeting for cues on economic policy.

* At 9:43 a.m. ET (13:43 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 136.68 points, or 0.86%, at 15,838.23.

* The energy sector dropped 2.3% as U.S. crude prices were down 0.6% a barrel, while Brent crude lost 1.1%, weighed down by a stronger dollar and oversupply concerns after it was announced that a trio of Gulf producers would end voluntary output cuts.

* The financials sector slipped 1.3%, while the industrials sector fell 1.0%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.5% as gold futures rose 1.0% to $1,714.5 an ounce.

* On the TSX, 45 issues were higher, while 183 issues declined for a 4.07-to-1 ratio to the downside, with 46.83 million shares traded.

* The largest percentage gainer on the TSX was pot producer Hexo Corp, which jumped 9.6%, followed by Bombardier Inc that rose 8.6% after brokerage Scotiabank raised rating and PT on the business jet maker’s stock.

* Oilfield services and equipment provider Shawcor Ltd fell 12.7%, the most on the TSX, followed by Air Canada that lost 7.6%.

* The most heavily traded shares by volume were Bombardier Inc, Hexo Corp and Air Canada.

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

* Across all Canadian issues, there were five new 52-week highs and no new low, with total volume of 81.27 million shares. (Reporting by Amal S in Bengaluru; Editing by Vinay Dwivedi)

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