CANADA STOCKS-TSX falls on weak commodity-linked shares

Mon May 17, 2010 10:31am EDT
 
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* TSX down 86.93 points, or 0.72 percent, at 11,928.04

* Miners lead TSX lower

(Adds details, quote)

By Jennifer Kwan

TORONTO, May 17 (Reuters) - Toronto's main stock index posted broad losses on Monday morning as persistent euro-zone debt concerns kept investors away from risk, sending the index's heavily weighted commodity issues lower.

Barrick Gold ABX.TO dropped 0.3 percent to C$46.94 as bullion prices retreated from recent highs, while Teck Resources TCKb.TO fell 4.1 percent to C$33.89 as industrial metals weakened. [GOL/] [MET/L]

Canadian Natural Resources CNQ.TO fell 1 percent to C$71.90 as oil prices fell below $71 a barrel, partly on Europe's debt concerns, the weak euro and rising U.S. oil inventories. [O/R]

"The buyers are quite content to sit on the sidelines until they see some stabilization in the market," said Bruce Latimer, trader at Dundee Securities.

Shortly after 10 a.m. (1400 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 86.93 points, or 0.72 percent, at 11,928.04. Eight of the index's 10 main groups were lower.   Continued...