CANADA STOCKS-TSX falls for 4th session as oils, euro weigh

Tue May 18, 2010 5:00pm EDT
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* TSX down 48.49 points, or 0.41 pct, at 11,764.51

* Commodity issues lead TSX lower on growth concerns

* Germany's short-selling limits rattle markets (Updates to close, adds quotes)

By Jennifer Kwan

TORONTO, May 18 (Reuters) - Toronto's main stock index fell on Tuesday on persistent fears that austerity measures in Europe could stifle global growth, as Germany said it would restrict short-selling linked to euro zone debt.

Ongoing worries about euro zone debt and the impact on economic growth kept some commodity prices lower, sending the TSX's energy and materials sectors down 0.7 percent and 0.5 percent, respectively.

Imperial Oil IMO.TO sank 1.7 percent to C$40.45, Husky Energy HSE.TO fell 0.2 percent to C$26.98 and Canadian Natural Resources CNQ.TO was down 0.8 percent at C$70.78. Gold miner Kinross Gold K.TO was lower by 1 percent at C$18.82.

Investor sentiment was also hit by worries about a U.S. clampdown on financial regulation. [.N] ]

In Washington, several Republicans will vote with Democrats to wrap up debate on the sweeping reform of financial regulations and move toward final passage, Senate Majority Leader Harry Reid said. [ID:nN16148428]   Continued...