REFILE-CANADA STOCKS-TSX falls on commodity weakness, U.S. gloom

Fri Nov 14, 2008 5:29pm EST
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(Refiles to fix spelling of commodity in headline)

* TSX down 3 percent on day, 5.6 percent for week

* Energy sector sags as crude slides to $57.04

* RIM, Nortel help drag technology sector down

* Canwest drops 8.8 percent after quarterly results (Adds quote, details)

By Jennifer Kwan

TORONTO, Nov 14 (Reuters) - The Toronto Stock Exchange's main index retreated broadly on Friday, led lower by weakness in energy and materials issues as gloomy U.S. retail sales data heightened worries about a deeper economic downturn.

Heavily weighted stocks that helped push the key index lower included EnCana Corp ECA.TO and Research In Motion RIM.TO.

The energy sector was a major source of weakness, down 3.2 percent as the price of oil dropped to $57.04 a barrel on dismal U.S. economic data and on expectations of further weakness in demand as the euro zone slipped into a recession. [ID:nSP399460] EnCana fell 5.8 percent to C$54.75.   Continued...