CANADA STOCKS-TSX slides as Greek woes hit commodities

Fri Feb 10, 2012 4:40pm EST
 
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(Updates to close, adds quotes)

* TSX falls 108.52 points, or 0.87 pct, to 12,389.42

* First weekly loss in eight weeks

* All of index's 10 main sectors lower

* Index touches weakest level since Jan. 25

By Jennifer Kwan

TORONTO, Feb 10 (Reuters) - Canada's main stock index sank to a two-week low on Friday and notched its first weekly drop in eight weeks as doubts grew that Greece's debt bailout deal would win final European approval.

The jitters sparked a drop in commodity prices and global equity markets. The Toronto index's mining-heavy materials sector fell 1.2 percent as gold and base metals prices weakened. Among the miners, Teck Resources fell 1.4 percent to C$40.24 and Barrick Gold dropped 1.3 percent to C$48.25.

Among oil and gas shares, Canadian Natural Resources fell 1.4 percent to C$37.75 and Suncor Energy was down 2.1 percent at C$33.87 as crude prices plunged on the renewed euro zone woes. Also pushing down the sector, the International Energy Agency cut its oil demand forecast for a sixth consecutive month due to a weak global economy. The Toronto index's energy sector fell 1.3 percent.   Continued...