TSX ends lower as interest-rate sensitive stocks weigh

March 18 - Canada's main stock index ended lower on Monday as some of the interest-rate sensitive sectors, such as utilities, lost ground ahead of a policy decision this week by the Federal Reserve.

U.S. central bankers are not expected to cut borrowing costs at a policy announcement on Wednesday but their new economic projections may be a wild card. High-dividend paying telecom and utilities companies could particularly benefit from lower borrowing costs. In contrast, energy added 0.9% as the price of oil rose to a four-month high on lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in China and the United States. U.S. crude futures settled 2.1% higher at $82.72 a barrel.

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