CANADA STOCKS-Weakening oil and gold prices pull TSX lower

Fri Jan 15, 2010 10:16am EST
 
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 * Index down 79.56 points, or 0.67 percent, at 11,724.82
 * Weak oil, gold prices hit commodity shares
 (Adds details, quote)
 By Jennifer Kwan
 TORONTO, Jan 15 (Reuters) - Toronto's main stock index fell
on Friday morning, pressured by limp oil and gold prices that
hit big commodity issues such as Barrick Gold ABX.TO.
 Barrick dropped 1.7 percent to C$40.68, while fellow miner
Goldcorp G.TO was down 1.9 percent at C$40.74. Fertilizer
producer Agrium AGU.TO sank 3.4 percent to C$64.63, while oil
company Suncor Energy SU.TO dropped 0.8 percent to C$37.22.
 The price of oil fell below $79 a barrel in part on the
lingering effects of disappointing U.S. economic data released
in the previous session, while gold prices also fell. [O/R]
[GOL/]
 "The commodities are a little weak so that's certainly
helping send Toronto down," said Bruce Latimer, trader at
Dundee Securities.
 At 9:52 a.m. (1452 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was down 79.56 points, or
0.67 percent, at 11,724.82.
Heavyweight names on the upside included Potash Corp of
Saskatchewan POT.TO, which rose 0.3 percent to C$118.51 after
a brokerage upgrade.
 ($1=$1.03 Canadian)
 (Reporting by Jennifer Kwan; editing by Peter Galloway)