UPDATE 2-TSX pulled lower as oil, gold prices retreat

Thu Jan 7, 2010 12:35pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* Key index down 0.66 percent at 11,866.12

* Decline halts five-session winning streak

* Goldcorp, Barrick lead gold sector lower as bullion dips

* Market focus shifts to Friday jobs data (Updates to late morning)

By Claire Sibonney

TORONTO, Jan 7 (Reuters) - Toronto's main stock index fell on Thursday as a drop in oil, gold and other commodity prices knocked resource issues lower, ending a five-session stretch of gains for the market.

Canadian Natural Resources Ltd CNQ.TO, down 2.6 percent to C$74.25, and Suncor Energy Inc SU.TO, off 1.12 percent, played the biggest roles of any two stocks in leading the market lower.

Oil slipped from a 15-month high a day earlier, a move traders attributed to signs of tighter monetary policy in China, which sparked concerns about demand for commodities. [O/R]

"We have a little profit-taking across the board here," said said Bruce Latimer, a trader at Dundee Securities.   Continued...