CANADA STOCKS-TSX falls as China, Europe worries weigh

Mon Mar 5, 2012 10:41am EST
 
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* TSX down 82.05 points, or 0.65 pct, at 12,561.77

* China cuts 2012 growth target to 8-year low

* Europe private sector data sours mood

* Enbridge shares fall after U.S. oil line shutdown

* PDAC mining company to attract market attention

By Jennifer Kwan

TORONTO, March 5 (Reuters) - Toronto's main stock index joined global markets in falling on Monday morning after China cut its 2012 economic growth target to an eight-year low and new economic data raised expectations of a recession in Europe.

World stocks fell and the euro touched two-week lows after figures showed a sharp downturn in purchasing activity in February among Italian and Spanish businesses, while Germany slowed and France stalled.

Fears of weakening markets pushed down Toronto's resource shares. Leading the index lower was Potash Corp of Saskatchewan , down 1.2 percent at C$45.60, Suncor Energy, down 1.4 percent at C$34.95, and Goldcorp, which fell 1.2 percent to C$47.97 as oil and metals prices sank. .   Continued...