CANADA STOCKS-TSX falls to three-week low as commodities slide

Mon May 9, 2016 11:24am EDT
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(Adds details on sectors and stocks, updates prices)

* TSX down 121.63 points, or 0.89 percent, to 13,579.84

* Six of the TSX's 10 main groups slip

TORONTO, May 9 (Reuters) - Canada's main stock index fell to a three-week low on Monday as lower commodity prices weighed on energy and mining stocks, while financials also fell.

The index fell 1.8 percent last week, pressured by a weakening in commodity prices and a wildfire that led to production cuts in Canada's oil sands region. It touched a six-month high of 13,972.62 on April 29.

The most influential movers on the index on Monday included Barrick Gold Corp, which fell 4.4 percent to C$22.78, and Goldcorp Inc, which declined 3.3 percent to C$23.96.

Spot gold fell 1.7 percent, while copper hit its lowest in nearly a month as weak trade data from top consumer China highlighted poor demand growth prospects and the dollar rose after a Fed official kept rate hike expectations intact.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 3.5 percent.

Suncor Energy Inc, which cut production last week due to the wildfire, fell 2.5 percent to C$33.00.   Continued...