CANADA STOCKS-TSX edges lower on weaker commodities
*TSX down 20.06 points at 11,550.39
*Energy, base-metals shares lead index lower (Updates with prices, commentary)
By Claire Sibonney
TORONTO, July 12 (Reuters) - Toronto's main stock index edged lower on Monday morning as soft commodity prices weighed on resource shares and investor optimism after last week's rally.
U.S. crude oil futures fell below $76 a barrel, consolidating after a week of gains and ahead of U.S. quarterly earnings and key macroeconomic data, pushing down the index's energy group by 0.3 percent.
Suncor Energy (SU.TO: Quote) was down 0.1 percent at C$33.04, and Canadian Oil Sands Trust COS_u.TO shed 0.7 percent to C$27.42.
Copper prices fell after China, the world's top metals consumer, reported a drop in copper imports for the third straight month in June, casting a shadow on the demand outlook and pushing base-metal mining shares down 0.7 percent. [MET/L]
Teck Resources TCKb.TO fell 1.6 percent to C$35.02, while Inmet Mining IMN.TO lost 2.5 percent to C$46.08.
"We've opened strangely. I think the market is showing some mistrust of where we ought to be," said Fred Ketchen, director of equity trading at ScotiaMcLeod. Continued...