CANADA STOCKS-TSX falls as weak gold, financials weigh

Mon Jul 19, 2010 10:49am EDT
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*TSX down 95.55 points, or 0.83 percent, at 11,474.10

*Weak gold miners weigh on TSX

*Financials weak ahead of Bank of Canada rate decision

*Seven of TSX main groups lower

(Adds details, quote)

By Jennifer Kwan

TORONTO, July 19 (Reuters) - Toronto's main stock index stumbled on Monday morning as gold prices weakened, weighing on the TSX's hefty materials sector, while financials fell ahead of a Bank of Canada rate announcement.

Barrick Gold (ABX.TO: Quote), the world's No. 1 gold producer dropped 1.5 percent to C$43.35 and Goldcorp (G.TO: Quote) fell 2.3 percent to C$41.47. Bullion prices retreated in part as investors had regained some of their appetite to take on risk. [GOL/] [MKTS/GLOB]   Continued...