CANADA STOCKS-TSX falls on soft U.S. data, Europe downgrades

Tue Feb 14, 2012 11:43am EST
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(Adds details, analyst's comments)

* TSX down 63.43 pts, or 0.5 pct, at 12,335.26

* Touches lowest level since Jan. 18

* U.S. retail data hurts materials

* Moody's euro zone downgrades weaken sentiment

By Jon Cook

TORONTO, Feb 14 (Reuters) - Canadian stocks touched their lowest point in nearly a month on Tuesday morning with mining and energy issues leading the way, hit by weak U.S. retail sales data and a fresh round of euro zone credit downgrades.

Investor confidence in the U.S. economy took a step back after data showed retail sales rose less than forecast in January as consumers cut back on car purchases and did less online shopping.

U.S. consumers have been increasingly focused on paying down debt since the recession, said Robert Gorman, chief portfolio strategist at TD Waterhouse.   Continued...