*
TSX ends down 0.2% at 22,690.39
*
For the week, the index gains 0.1%
*
Energy loses 0.9%; oil settles 3.25% lower
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Canadian retail sales fall 0.8% in May
(Updates at market close)
By Fergal Smith
July 19 (Reuters) - Canada's resource-heavy stock index
ended lower for a third straight day on Friday as commodity
prices fell and investors weighed the impact of a global
technology outage, but the market still held on to a modest
weekly gain.
The Toronto Stock Exchange's S&P/TSX composite index
ended down 36.37 points, or 0.2%, at 22,690.39, after
steeper declines on Wednesday and Thursday.
For the week, the TSX was up 0.1%, its fourth straight
weekly advance, after posting on Tuesday a record closing high
at 22,995.39.
"We are having a quiet, low volatility day. Given the
carnage in the markets and the disruptions to technology around
the world, it's not a bad thing," said Colin Cieszynski, chief
market strategist at SIA Wealth Management.
U.S. stocks added to their recent sell-off as a global tech
outage disrupted operations across industries, from airlines and
broadcasting to healthcare and banking.
The Toronto market's heavily weighted financials sector fell
0.4%, while energy was down 0.9% as the price of oil
settled 3.25% lower at $80.13 a barrel on the potential for a
ceasefire in Gaza.
The materials group, which includes metal miners
and fertilizer companies, lost 0.4% as gold and copper
prices fell.
Nutrien Ltd ( NTR ), the world's largest potash producer,
will stop blending fertilizers in Brazil after deciding to shut
its last two active processing plants in the country, said three
people familiar with the latest phase of a major turnaround
effort. The company's shares ended 0.5% lower.
Some of the defensive orientated sectors notched gains, with
healthcare rising 0.8% and consumer staples ending up 1.2%.
Canadian retail sales fell 0.8% in May from April, a bigger
decline than expected, boosting prospects of the Bank of Canada
cutting interest rates further at a policy decision on
Wednesday.