CANADA STOCKS-TSX slides 1 percent, beaten down by China, commodities rout

Mon Jul 27, 2015 11:41am EDT
 
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* TSX down 141.2 points, or 1 percent, to 14,045.04

* All 10 of the TSX's main groups fell

By Solarina Ho

TORONTO, July 27 (Reuters) - Canada's main stock index fell on Monday, in a broad rout that tracked global equities, which fell on the heels of a more than 8 percent plunge in Chinese stocks.

The declines were led by the heavily weighted energy and financial sectors, which were down 1.7 percent and 1.3 percent, respectively.

"The energy sector is just so bad, it looks like the impact of lower energy prices ... the hit to production and investment seems to be quite significant," said John Johnston, chief strategist at Davis-Rea.

"The manufacturing sector globally is still slowing and that's really crushing commodities. That's weighing on a whole range of stock markets."

Among oil and gas companies, Enbridge Inc slid 1.62 percent to C$54.52, while Suncor Energy Inc retreated 1.27 percent to C$32.66.

Toronto Dominion Bank led the fall in financials with a 1.33 percent slide to C$51.17, while Royal Bank of Canada declined 1.2 percent to C$73.67.   Continued...