CANADA STOCKS-TSX falls as commodities prices drag
(Adds analyst comment, updates prices to close)
* TSX ends down 69.12 points, or 0.48 percent, at 14,307.12
* Half of the TSX's 10 main groups fall
By Alastair Sharp
TORONTO, July 22 (Reuters) - Canada's main stock index fell on Wednesday, weighed down by falls in the shares of major banks, energy companies and miners as weakness in commodity markets tainted investor sentiment.
A rise in U.S. oil inventories pushed U.S crude to a settlement below $50 a barrel for the first time since April. Brent also fell.
Gold prices hit a five-year low, and copper and iron ore also struggled due to shrinking Chinese demand.
"The pressure from commodity-related assets is probably going to stay with us for a little longer," said Sid Mokhtari, director of institutional equity research at CIBC World Markets. "There's no real catalyst for them to get a lift and that's why we expect this doldrums or this stagnation to persist." Continued...