CANADA STOCKS-Cautious TSX drops with commodity prices

Thu Sep 24, 2009 4:41pm EDT
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* TSX falls 231.78 points, or 2 percent, to 11,285.76

* Resource issues lead way lower

* Copper touches lowest level in a month (Adds details, comments and official numbers)

By Scott Anderson

TORONTO, Sept 24 (Reuters) - Toronto's main stock index ended lower on Thursday, pulled down by falling oil and metals prices as caution returned to the market.

Mining companies led the way lower with gold miner Agnico-Eagle Mines (AEM.TO: Quote) falling 4.4 percent to C$69.25, and base metals miner Teck Resources TCKb.TO off 4 percent at C$28.95

The index's materials group, home to mining shares, fell 2.2 percent as copper corrected to its lowest level in more than a month due to rising metals inventories and weak U.S. housing data. [LO57318]

The S&P/TSX composite index .GSPTSE closed down 231.78 points, or 2 percent, at 11,285.76.

The index's big energy sector fell 2.5 percent as high U.S. crude oil inventories sparked fears of lower fuel demand.[nSYD509979]   Continued...