November 29, 2019 / 2:55 PM / 7 days ago

CANADA STOCKS-TSX dips as GDP growth slows; trade tensions weigh on energy stocks

Nov 29 (Reuters) - Canada’s main stock index fell on Friday as the economy expanded at a slower pace in the third quarter, while lower oil prices amid heightening diplomatic tensions between the United States and China weighed on energy stocks.

* At 9:43 a.m. ET (1443 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 23.83 points, or 0.14%, at 17,090.69.

* Data on Friday showed the Canadian economy expanded at an annualized rate of 1.3% in the third quarter following a stronger-than-expected jump in the second quarter.

* The energy sector dropped 1.1% as U.S. crude prices were down 2.2% a barrel, while Brent crude lost 1.6%. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Maju Samuel)

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