CANADA STOCKS-TSX extends decline, golds in steep fall

Fri Jul 2, 2010 2:04pm EDT
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TORONTO, July 2 (Reuters) - Toronto's main stock market index was deep in the red on Friday afternoon, dragged lower by gold issues that were reeling after bullion prices were hit hard on Thursday, when Canadian markets were closed.

The index's big materials group was off 3.3 percent, reacting to gold's 4 percent fall the previous session.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 117.62 points, or 1.04 percent, at 11,176.80, starting of the second half of the year on a soft note. Seven of the index's 10 sectors were lower.

A report that showed U.S. employment fell in June, the first monthly drop this year, added to worries that the global economic recovery was failing to gain traction. [ID:nN01165161] (Reporting by Ka Yan Ng; editing by Peter Galloway)