CANADA STOCKS-Golds accelerate TSX's late-session decline

Thu Jan 13, 2011 4:12pm EST
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TORONTO Jan 13 (Reuters) - Toronto's main stock index slid late in the session on Thursday as gold-mining shares retreated with the price of bullion.

The materials group, down 2.09 percent and home to gold miners, was the chief sector pulling down the overall index. The fall in gold miners offset strength from other miners that rallied on news of another multibillion dollar merger in the sector.

Safe-haven buying of gold subsided after earlier successful European bond sales. [GOL/]

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE fell 58.73 points, or 0.44 percent, to 13,401.48.

($1=$0.99 Canadian) (Reporting by Ka Yan Ng; editing by Jeffrey Hodgson)