CANADA STOCKS-TSX falls as uncertainty hits energy, banks

Mon Jun 7, 2010 5:28pm 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 (Adds details, quotes)

By Claire Sibonney

TORONTO, June 7 (Reuters) - Toronto's main stock index ended at its lowest level more than two weeks on Monday as energy and financial shares tumbled on economic uncertainty, offsetting 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 record high. [GOL/]   Continued...