July 23, 2012 / 8:10 PM / 5 years ago

CANADA STOCKS-TSX falls on Europe doubts; Nexen deal caps losses

1 Min Read

TORONTO, July 23 (Reuters) - Canadian stocks finished lower
on Monday, led by financial and mining shares, as events in
Spain threatened to escalate Europe's debt crisis, but a
$15.1-billion takeover bid for Nexen Inc boosted energy
stocks and helped the index avoid bigger losses.
    The Toronto Stock Exchange's S&P/TSX composite index
 unofficially closed down 77.37 points, or 0.7 percent,
at 11,545.54. The index rallied after hitting 11,416.49, its
lowest since July 12.

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