CANADA STOCKS-TSX falls as China sparks demand fears
* TSX ends down 119.87 points, 0.95 pct, at 12,523.95
* China cuts 2012 growth target to 8-year low
* Europe services sector data sours mood
* Mining industry gathers in Toronto
By Jennifer Kwan
TORONTO, March 5 (Reuters) - Toronto's main stock index fell along with stock markets around the world on Monday after China signaled slower economic growth and the specter of recession in Europe was raised again.
Fears of declining demand pushed down Toronto's resource-linked sectors, which combined comprise about 40 percent of the index. Leading the way down was diversified miner Teck Resources,, which fell 6 percent to C$36.20 as the price of copper skidded after China, the world's largest buyer of industrial metals, announced its lowest annual growth target in eight years.
Goldcorp fell 1.9 percent to C$47.65 as bullion prices sank, while Barrick Gold dropped 1.1 percent to C$46.38. Oil and gas producer Canadian Natural Resources shed 2 percent to C$35.61 as investors sold shares on broader growth worries even though oil prices ticked slightly higher.
The index's materials and energy sectors fell 2.6 percent and 1.8 percent, respectively. Continued...