CANADA STOCKS-TSX tumbles as commodities retreat

Thu Sep 24, 2009 5:24pm EDT
 
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* TSX falls 2 percent to 11,285.76

* Resource issues lead retreat

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

By Scott Anderson

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

Mining companies led the decline with gold producer Agnico-Eagle Mines AEM.TO 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 dropped to its lowest level in more than a month because of rising metals inventories and weak U.S. housing data. [ID:nLO57318]

The big energy sector fell 2.5 percent as high U.S. crude inventories sparked fears of lower fuel demand. [ID:nSYD509979] Suncor Energy SU.TO was off 2 percent at C$37.44, while EnCana Corp ECA.TO finished down 2.2 percent at C$60.91.

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