CANADA STOCKS-TSX sheds 1 pct on oil, China but ends Aug higher
* TSX down 1 percent at 10,868.21
* Energy, materials shares lead TSX lower
* China stock market selloff spreads to North America
* Index ends August higher, sixth straight monthly gain (Adds commentary, details)
By Ka Yan Ng
TORONTO, Aug 31 (Reuters) - Toronto's main stock market index fell hard on Monday as oil and other key commodity prices dropped after a sharp selloff in Chinese equities undermined confidence in a global economic recovery, but the index still finished August with its sixth straight monthly gain.
The price of oil fell below $70 a barrel, and that pulled the index's big oil and gas group down 2.1 percent. The mining-heavy materials group dropped 2.22 percent.
China's key stock index .SSEC fell 6.74 percent on Monday to a three-month closing low, logging its second-biggest monthly loss in 15 years [ID:nBJD002975]. Continued...