CANADA STOCKS-Gold-mining selloff snaps TSX 3-day uptrend

Mon Apr 25, 2011 4:11pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO, April 25 (Reuters) - Toronto's main stock index ended a three-day upswing on Monday as investors dumped Barrick Gold Corp (ABX.TO: Quote), after it struck an all-cash deal to buy an Australian copper miner.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE unofficially ended down 64.70 points, or 0.46 percent, at 13,907.32. Six of the index's 10 main groups were weaker, led by a 6.39 percent drop in the materials group, which fell on a steep selloff in gold-mining issues. The index's gold subsector dropped 10.52 percent. (Reporting by Ka Yan Ng; editing by Peter Galloway)