UPDATE 3-Toronto stocks knocked lower for fifth session
(Updates closing numbers, adds details)
* TSX ends lower for fifth session in a row
* Soft commodity prices weigh on resource issues
* Tech sector buoyed by Nortel
By Leah Schnurr
TORONTO, June 12 (Reuters) - Weak resource issues sent the Toronto Stock Exchange's main index tumbling on Thursday for the fifth day in a row as commodity prices spent much of the day in negative territory.
Energy companies and miners led the way down as gold and oil prices were pressured by a gaining U.S. dollar, although oil was able to make a small late-day bounce amid worries over a possible strike in Nigeria.
Suncor Energy (SU.TO: Quote) was down C$2.89, or 4.2 percent, at C$65.87, while Agnico-Eagle Mines AEM.TO lost C$2.55, or 3.8 percent, to C$64.75.
"(Resource) stocks really haven't had a chance to catch up yet," said Lex Kerkovius, senior research analyst at McLean & Partners Wealth Management Ltd. in Calgary. Continued...