CANADA STOCKS-TSX falls after shifting signals from Europe

Mon Aug 20, 2012 10:40am EDT
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* TSX down 45.19 points, or 0.4 percent, at 12,044.70

* Index weighed by bickering in Europe

* Three biggest sectors all negative to start week

By Alastair Sharp

TORONTO, Aug 20 (Reuters) - Canada's main stock index dipped lower on Monday, pulled down by shifting signals about the European Central Bank's plans to tackle the region's sovereign debt crisis.

The three most influential sectors -- financials, materials and energy -- were all pushed down after two weeks of gains on a string of positive North American data.

"The tone has weakened this morning again because of Europe, which is the traditional spoiler whenever we seem to get a bit of momentum going," said Andrew Pyle, a portfolio manager at ScotiaMcLeod.

Germany's central bank repeated its criticism of the ECB's bond-buying program, while the ECB sought to quash press speculation about the shape of the plan, saying decisions had not yet been taken.   Continued...