CANADA STOCKS-TSX falls as oil and metals prices slip

Mon Feb 27, 2012 11:03am EST
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* TSX down 77.85 pts, or 0.6 pct, at 12,647.92

* Resource, financial issues drag

* Lower oil prices hurt energy shares

* G20 meeting offers no more Europe funds

By Jon Cook

TORONTO, Feb 27 (Reuters) - Canada's resource heavy index was lower on Monday morning as energy and mining issues fell with sliding oil, gold and copper prices and financial shares were hurt by the failure of G20 ministers at a weekend meeting to provide more funds to help Europe fight its lingering debt crisis.

Brent crude oil backed off Friday's 10-month high and gold prices slipped, hurting the index's materials and energy sectors, as investors cashed in some gains after last week's strong rally.

"They've both had pretty good runs and there's probably just a pause here," said John Kinsey, portfolio manager at Caldwell Securities Ltd. "Everything looks to be a little soft here."   Continued...