CANADA STOCKS-TSX drops on worries about China demand

Mon Mar 12, 2012 4:38pm EDT
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* TSX down 75.61 points, or 0.6 pct, at 12,428.01

* Five of 10 main sectors finish lower

* Viterra rises 6 pct on takeover speculation

By Jennifer Kwan

TORONTO, March 12 (Reuters) - Toronto's main stock index fell for the first time in four sessions on Monday as weak Chinese data fueled growth worries weighing on oil and metals prices and pressuring the resource-heavy market's key mining and energy sectors.

Leading names on the downside included oil companies Canadian Natural Resources, down 3.1 percent at C$34.40, and Suncor Energy, which fell 3.1 percent to C$33.19.

Goldcorp shed 1.4 percent at C$46.25, while diversified miner Teck Resources fell 2.9 percent to C$35.49.

Resource issues retreated as China posted its largest trade deficit in a decade, fanning worries about the extent to which frail foreign demand held Chinese export growth well below expectations.   Continued...