CANADA STOCKS-TSX falls to nearly 4-week low as oil, gold slide

Mon May 9, 2016 5:15pm EDT
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(Adds analyst quotes, updates prices)

* TSX closed down 137.63 points, or 1 percent, at 13,563.84

* Eight of the TSX's 10 main groups ended lower

By Fergal Smith

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

The index has fallen 2.9 percent from a recent six-month high of 13,972.62, pressured by a weakening in commodity prices and a wildfire that led to production cuts in Canada's oil sands region.

"That commodity related energy trade that's had a pretty good couple of months there, has faded here in the last couple of weeks," said Paul Hand, managing director at RBC Capital Markets.

The most influential movers on the index on Monday included Barrick Gold Corp, which fell 5.5 percent to C$22.52, and Goldcorp Inc, which declined 4.6 percent to C$23.65.   Continued...