CANADA STOCKS-TSX falls as uncertainty hits energy, banks

Mon Jun 7, 2010 4:54pm EDT
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* TSX falls 64.87 points, or 0.56 pct, to 11,504.74

* Energy, financials, base metals fall

* Gold stocks rally more than 3 percent

* RIM sinks 5 percent (Updates to close)

By Claire Sibonney

TORONTO, June 7 (Reuters) - Toronto's main stock index ended lower in volatile trading on Monday as energy and financial shares tumbled on economic uncertainty and offset gains by surging gold issues.

Among the biggest decliners were Royal Bank of Canada (RY.TO: Quote), down almost 2 percent at C$52.48, and Suncor Energy Inc (SU.TO: Quote), off more than 2 percent at C$31.79.

"The overhang is the uncertainty in Europe," said Steve Ibel, institutional equities trader at Beacon Securities.

With ongoing fears about euro zone debt contagion causing investors to flee to safe-haven assets, gold rallied to less than $10 below its all-time high. [GOL/]   Continued...