CANADA STOCKS-Global slowdown fears drag TSX near 6-month low

Fri Jun 10, 2011 10:56am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX down 141.67 points at 13,114.07

* Index hits near 6-month low, all 10 sectors lower

* Commodity prices, down more than 1 pct, weigh (Updates with details, commentary)

By Claire Sibonney

TORONTO, June 10 (Reuters) - Toronto's main stock index hit its lowest in nearly six months on Friday in a broad decline driven by weaker commodities, concerns about a slowing global economy and Europe's ongoing struggle with Greece's debt crisis.

Energy shares played the biggest role in leading the market lower, falling 1.3 percent as U.S. crude oil prices slipped. Saudi Arabia began offering more oil to Asian refiners, easing worries about supply following an inconclusive OPEC meeting. [O/R]

Suncor Energy (SU.TO: Quote), the most influential decliner, dropped 1.7 percent to C$38.16, while Cenovus Energy (CVE.TO: Quote) lost 1.9 percent to C$33.93.

Materials, which include influential mining stocks, were down 1.5 percent, dragged down by softer metal prices. Copper fell after disappointing trade data from China, while gold succumbed to a stronger U.S. dollar on renewed Greek debt fears. [MET/L] [GOL/]

Goldcorp Inc (G.TO: Quote) fell 1.7 percent to C$45.60, while Teck Resources TCKb.TO shed 1.8 percent to C$46.65.   Continued...