CANADA STOCKS-TSX falls, but gains 7 pct in April
* TSX falls but records 6.9 percent gain for April
* Commodity stocks drop, gold miners main drag
* Chrysler bankruptcy filing weighs on sentiment (Adds details)
By Ka Yan Ng
TORONTO, April 30 (Reuters) - Toronto's main stock index fell nearly 1 percent on Thursday, tumbling from its highest level in more than five months as commodity shares turned lower and Chrysler's bankruptcy filing weighed on the market's mood.
The mining-heavy materials group was a key drag, down 2.13 percent, with gold miners leading the way lower after gold prices failed to hold above $900 an ounce, tempting investors to take profits. [ID:nLU31497]
Four gold companies were among the top 10 declining issues, led by Goldcorp G.TO, which fell 4.1 percent to C$32.62. Barrick Gold (ABX.TO: Quote) shed 3.1 percent to C$34.55, while Kinross Gold (K.TO: Quote) and Agnico-Eagle AEM.TO were also lower.
The price of oil, a key Canadian export, see-sawed through the day. It edged higher late in the session but this failed to carry over to the index's oil and gas sector, which fell 1.6 percent. Oil company EnCana (ECA.TO: Quote) fell 1.44 percent to C$54.69.
Sentiment was damaged by the bankruptcy filing of automaker Chrysler, which rattled U.S. equities and influenced direction in Canada as well. [ID:nLU940906] Continued...