CANADA STOCKS-TSX pulls back after big rise; commodities weigh
* TSX down 1.97 percent at 8,781.90
* Materials drop 3.1 percent on weak metals
* Tembec falls 18.6 percent; curtails operations
(Adds details, quotes)
By Jennifer Kwan
TORONTO, March 24 (Reuters) - Toronto's main stock index pulled back on Tuesday after surging more than 5 percent in the previous session, led down by weakness in resource issues on slumping commodity prices.
The biggest contributors to the index's slide included a mix of commodity issues and financials stocks, the main drivers of the market's recent rise.
"We've had, to state the obvious, quite a run over the past two weeks or so and I think you're having just a natural selling that you get inevitably in these sorts of situations," said Bob Gorman, chief portfolio strategist at TD Waterhouse.
"It's two steps forward, one step back. It's very seldom a V-shape." Continued...